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Developers ask Homewood to reset timeline for $3.5 million Piggly Wiggly tax-incentive payments
Summary
Representatives for the Piggly Wiggly redevelopment asked council to restructure the previously approved tax-incentive agreement to accommodate a partner change and construction delay; the council carried the item over to allow staff to receive documents and schedule a public hearing.
Representatives for the Piggly Wiggly project told the Homewood City Council on Feb. 2 that the redevelopment’s financing partners have changed and that the developer needs an amended schedule to reach a previously agreed $3,500,000 in tax-incentive payments.
Marie Lehi and Charles Terry said the amount the city agreed…
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