DECATUR, Ala. (WHNT) - The Decatur City Council voted 3-2 to approve phase one of the Sweetwater development Monday evening.
It could create 400 new jobs in the short term and thousands of jobs over the long term.
The Sweetwater commercial project is a plan for a 100,000-square-foot sporting goods store. Council members voted late Monday night on an ordinance to authorize a project development and funding agreement between the City of Decatur, Bass Pro Outdoor World, L.L.C. and Genesis USA Development, L.L.C.
The Sweetwater project has been talked about since 2008. It would be anchored by Bass Pro Outdoor World on the corner of Interstate 65 and I-565 in a portion of Decatur-annexed Limestone County.
City leaders expect the more than 500-acre development to draw in new retail stores and restaurants.
Bass Pro Outdoor World would be valued at about $35 million and would be the state's fourth Bass Pro Shop. If the deal passes, it's scheduled to open in 2016.
An incentive package for the deal includes tax rebates of $31 million for bass pro and up to $14 million for a possible hotel.
The project would include a boulevard and a new overpass over AL Highway 20 to alleviate traffic issues around the facility.
The first phase of the project could bring in about 400 jobs, but in the long term, it could bring up to 4,000 jobs.