County commissioners approved the incentive money at their meeting Tuesday night. According to county documents, $400,000 will be awarded to Blanchard and Calhoun Commercial as reimbursement for costs associated with infrastructure improvements to make way for a potential development on Lewiston Road at William Few Parkway. Another $300,000 was approved for traffic improvements in the area.
County documents indicate the incentive money will come from a “variety of Transportation discretionary funds” available for such projects.
Commission Chairman Ron Cross said the incentive money will be paid only after the development is completed - if it does come to fruition.
Cross described the anchor retailer for the development as looking to build a 140,000-square-foot building, which would offer groceries, clothing, and other household items.
“It is supposed to be a large grocery chain,” he said. “This will be its largest store of this type east of the Mississippi.”
When fully developed, the project could bring as many as 500 jobs to the area, Cross said.
Commissioner Ron Thigpen said the potential tax revenue and job growth the project will provide will more than pay for the economic incentives provided by the county.
To make way for the development, officials plan to move the intersection of William Few Parkway father north along Lewiston Road and away from I-20.
Vic Mills, CEO of Blanchard and Calhoun Commercial, said the company already controls several parcels of land in the area and has acquired options for other properties that will be needed for the potential development.
“We still have a lot of work to do on this,” Mills said. “But we do have great interest in this location from several prospective tenants.”
Mills said it was too early to name those potential tenants, but he was optimistic that if things continued to progress, more details will be available soon. He said if all goes well, he expects to make an announcement with the next 60 days.