MUSCLE SHOALS, Ala. (WHNT) – A Shoals developer is asking the Muscle Shoals City Council for incentives. Gregg Pounders with Pounders and Associates says the city will benefit too.
If the proposal gets passed. the non-educational portion of sales tax would be split between the city and the developer.
Pounders has already nailed down a deal for the national clothing store, “Goody’s” to move in along side Save-A-Lot.
According to Pounders, getting more business into the strip mall on Woodward Avenue will keep the center vibrant.
Pounders says he will completely renovate the old structure, to make it more appealing to prospective occupants and he wants the city to do its part too, to make Muscle Shoals, a place where developers flock to do business.
“It can steer you where you spend your time and effort,” said Pounders.
This proposal is different from an agreement the city currently has along the Wilson Dam corridor.
In that deal, the sales tax gets split between the city and the tenants.
“If we didn`t do it on a city wide basis, you wind up being in a situation where you spite zoning so to speak,” said council chairman, Jim Holland. “I personally am opposed to that approach to it.”
The city council plans to speak with the city attorney and zoning commission and make a final decision by the next scheduled meeting.