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Developer outlines tax-abatement plan tied to large mixed-use project; council to continue review
Summary
Bob Dunn, a representative of North Development, and Lynette Crandall of the Landmark Development Team updated the Homewood City Finance Committee on May 19 about a proposed community investment program tied to a large mixed‑use project anchored by Samford University.
Bob Dunn, a representative of North Development, and Lynette Crandall of the Landmark Development Team presented an update May 19 to the Homewood City Finance Committee on a proposed community investment program tied to a multi‑phase mixed‑use development near Samford University.
The developer team described the CIP as a tax‑rebate structure designed to pay for infrastructure tied to a multi‑phase district rather than to rebate revenues back to a single project. "There can only be fiscal gain to the city. There cannot be any fiscal decline to the city," Dunn said,…
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