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Coca-Cola Refreshments USA, Inc.

Project Number: 20150201
Pilot Type: Retention
Status: Approved
Parcel ID: 094200 00004310
County Commission District: 12 | City Council District: 3,8


Coca-Cola Refreshments USA, Inc. was awarded a 15-year Retention PILOT to enable the company to retain 317 jobs, add 50 net new jobs and invest $10,039,000 at a new distribution facility located at 4770 Southpoint Drive.

Coca-Cola will invest $3,991,000 in real property and $809,000 in personal property improvements at the new facility.

In addition, the company will receive $5,239,000 in Community Reinvestment Credit (CRC) for the use of 46 percent (266,800 Square feet) of the Southpoint facility, for a total capital investment of $10,039,000.

The average salary of the 50 new employees will be $39,913. The average salary of the 317 retained employees is $39,793.

The project will create $27,339,598 in new tax revenue for Memphis and Shelby County and has a benefit/cost ratio of $7.83 of new tax revenue for every $1 of taxes abated.

The PILOT will allow the Applicant to consolidate its current 499 S. Hollywood and West Memphis manufacturing and distribution facilities into one centrally located distribution center. The new facility will serve as the distribution hub for Coca-Cola in the Mid South. The manufacturing facility, and its employees, will remain at 499 S. Hollywood.

The new consolidated distribution center will provide increased operational efficiencies and allow for expansion and future growth.

Established in 1886, Coca-Cola is now the number one provider of sparkling beverages, juices and juice drinks globally. Coca-Cola is the world’s largest beverage company and has more than 130,000 associates worldwide.

**Amended and Restated on July 28, 2021**
On July 6, 2021, the City of Memphis acquired the 499 South Hollywood property for City operations at the future Liberty Park facility.

The terms of the original PILOT required Coca Cola remain at the property. This amendment allows Coca Cola to move forward with the City’s acquisition deal.


15 years

Projected New Jobs:


Projected Retained Jobs:


Total Jobs:


Projected Average Payroll of New Jobs:


Projected Average Payroll of Retained Jobs:


Annual New Direct Payroll:


Annual Retained Direct Payroll:

Not applicable

Total Capital Investment:

Real Property Investment:

Personal Property Investment:

Community Reinvestment Credit (CRC):

Capital Investment not in PILOT:
Not applicable

Projected Tax Revenue:


Projected Taxes Abated:

City: $1,526,539 (80%)
County: $1,966,686 (75%)

Benefit/Cost Ratio:


Projected MWBE/LOSB Spending:


Incentive Provided:


Compliance Information

Not applicable



Ramp up Period

2 years


3/31/2015 (Real)
12/31/2015 (Personal)


Not applicable

Lease Begins

3/31/2015 (Real)
12/31/2015 (Personal)

Lease Expires

3/31/2030 (Real)
12/31/2030 (Personal)



Property Details

Lease Began

3/31/2015 (Real)
12/31/2015 (Personal)

Lease Expires

3/31/2030 (Real)
12/31/2030 (Personal)

Coca-Cola Refreshments USA, Inc.

4770 Southpoint Drive, Memphis , TN 38118