‹ Back To Pilot Programs

Binghampton Gateway Center

Project Number: 20151001
Pilot Type: Community Builder
Status: Approved
Parcel ID: 037042 00027Z
County Commission District: 7 | City Council District: 5


On September 15, 2021, this project was amended to allow the removal of the requirement to maintain a grocery store as the anchor tenant of Binghampton Gateway Center. Junior Achievement of Memphis and the Mid-South's headquarters will replace the shuttered Sav-A-Lot.

Junior Achievement (JA) will occupy 16,209 square feet of space. Their space will consist of offices and facilities for programming, including JA BizTown and JA Finance Park. The new headquarters will have 12 full-time staff members, plus 150 students, volunteers and teachers on site.


Binghampton Development Corporation (BDC) was awarded a 15-year Community Builder PILOT to encourage the organization to invest $6,845,255 to construct a 48,565 square foot grocery-anchored commercial center located at the South East corner of Sam Cooper Boulevard and Tillman Street.

The development will be comprised of a national value grocer (anchor), a national value household goods retailer (junior anchor), 7,240 sq ft of additional retail space, a parking lot and additional site development. The new development is a part of the BDC’s 10-year vision for the neighborhood. The site for Phase 2 (approximately 22,000 sq ft) will be developed during Phase 1, and Phase 2 structures will be built at a later date.

The Binghampton Development Corporation (BDC) is a non-profit community development corporation that works to improve the quality of life in the Binghampton Community. Founded in 2003, the BDC began pursuing a strategy to support the revitalization of an historic neighborhood through housing and economic development and empowerment programs for those affected by issues of systemic poverty. The neighborhood is bounded by Summer Avenue, Holmes, Poplar, and East Parkway, and approximately 8,000 residents live in 3,000 households in the neighborhood.

The mayors of both the City of Memphis and the County of Shelby have reviewed BDC’s application and jointly recommend it for approval by EDGE.

EDGE Staff estimates the project will create $620,232 in tax revenue and more than $1.8 million of tax benefit for Binghampton Development Corporation.


15 years

Projected New Jobs:

Not applicable

Projected Retained Jobs:

Not applicable

Total Jobs:

Not applicable

Projected Average Payroll of New Jobs:

Not applicable

Projected Average Payroll of Retained Jobs:

Not applicable

Annual New Direct Payroll:

Not applicable

Annual Retained Direct Payroll:

Not applicable

Total Capital Investment:

Real Property Investment:

Personal Property Investment:
Not applicable

Community Reinvestment Credit (CRC):
Not applicable

Capital Investment not in PILOT:

Projected Tax Revenue:


Projected Taxes Abated:

City: $813,125 (75%)
County: $1,047,571 (75%)

Benefit/Cost Ratio:

Not applicable

Projected MWBE/LOSB Spending:


Incentive Provided:


Compliance Information

Not applicable