The Rutherford County Property Management Committee voted to forward the Twinning Station mixed‑use tax increment financing (TIF) package to the county budget committee, asking the developer to supply full financial materials before a final recommendation.
Mayor Jason Cole of the City of La Verne introduced the project to the committee, saying, “We are here to talk to y'all about the Twinning Station Mixed Use Development, TIF.” Land Elliott of Equitable Property Company, the developer, presented a master plan showing retail along Waldron Road, residential behind it, walking trails and an internal roundabout.
Developers told the committee the project site is city‑owned and not on the property tax rolls today; buildout is expected to be phased and could be complete around 2030–2031. Elliott said the overall development valuation modeled was about $153,500,000 and estimated annual direct property tax revenue once built at roughly $956,917, with the site including about 17.5% green space and multiple miles of sidewalks and trails.
Commissioners pressed for more detail. Commissioner Ervin said the committee had received only limited materials online and asked whether the presentation was for information or action; others requested Youngers & Associates financial modeling and the full TIF packet. The committee agreed that those materials should be provided to the budget committee for review. Chairman McAdoo and several commissioners asked staff to ensure budget and county finance staff received the packet.
A motion to send the TIF package to the budget committee with a neutral recommendation passed on roll call. The county will not take further formal action until budget and other reviews are complete.
The committee recorded that developers would email the detailed packet (described in the meeting as about 75 pages from Youngers & Associates) to county staff and that budget staff would subsume fiscal review during the next stage.
Meeting action: the committee forwarded the Twinning Station TIF to the budget committee for review; commissioners requested the full financial and clawback documentation prior to any final approval.