Albertville officials discuss development agreement that would bring in more businesses
ALBERTVILLE, Ala. (WHNT) — The city of Albertville is discussing a possible development agreement that would ultimately bring more businesses to the area.
The city of Albertville announced the Shoppes of Albertville just recently, and already construction is rapidly underway.
Now city leaders are working to grow the city even more. “We have presented the city council a development agreement which includes an incentive package for a local developer, for some retailers that he’s working with,” Melody Whitten says. Whitten is the Director of Community and Economic Development for the City of Albertville.
City officials say the proposed plans are for a shopping center. “There are letters of intent already for two retailers that will occupy at least 60,000 square feet of the project,” Whitten says.
The incentive agreement would allow the city to give the developer a 50 percent sales tax rebate. “We only contribute by way of the sales tax rebate, so any sales tax that comes in, we’ll rebate a portion of that,” Whitten says.
The location of the proposed center and the potential businesses involved are not being released yet, but officials have confirmed that whatever stores are involved will be new to Albertville.
City officials have made growing retail one of their priorities, and this project is just another stop in the process.
The city plans to hold a public hearing on the agreement next Monday night and the council is expected to vote on it after that.