Inner-city Redevelopment Districts
T.C.A. §§ 7-84-601, et seq., authorize any municipality by ordinance to create a self-financing inner-city redevelopment district. These districts may not overlap CBIDs. The ordinance may be initiated by petition of owners of two-thirds of property to be included or by resolution of the governing body. The municipality may borrow money for public works improvements in the district and use special assessment revenues to pay it back. The authority to provide public works may be delegated to the governing body of the district.