Memphis Blues: How Corporate Property Tax Breaks and Stadium Subsidies are Sapping the City’s Fiscal Strength

The City of Memphis has chosen to deliberately avoid its municipal pension obligations at the same time it has granted a series of costly property tax abatements, or PILOTs, to large corporations such as Nike and International Paper while also taking on big debt obligations to benefit other companies such as Electrolux and Bass Pro and professional sports franchises.

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