Retail project moves forward with vote

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Published 4/18/2012 in Local News

City votes to set up TIF district following public hearing.

BY SHAJIA AHMAD

sahmad@gctelegram.com

With no opposition, city officials voted to establish a redevelopment district at the site of a proposed retail shopping center on the eastern edge of town.

City commissioners who met Tuesday opened and closed a public hearing on the topic with only one speaker, who spoke in support of the city's plan to assist with the development of the $67.2 million shopping complex proposed by Collett & Associates, a commercial real estate company based in Charlotte, N.C.

The proposed development, which would total 400,000 square-feet of retail space, is planned for a location just north of Schulman Avenue and south of Sam's Club, east of the U.S. Highway 50/83/400 bypass on about 61 acres of privately-owned land.

Menards, a home improvement retail store, already has submitted site plans to the city for a 160,000 square-feet store as part of the first phase of the retail center.

Already, city commissioners have unanimously approved a "memorandum of understanding" with Collett Properties, a move made in mid-January, with the intention to help secure financing for the first phase of the project.

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Retail project moves forward with vote