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Council approves pay-as‑you‑go tax incentive for The Edge redevelopment
Summary
The council approved a five‑year, pay‑as‑you‑go tax incentive for The Edge redevelopment at 815–819 Green Springs Highway, capping the city benefit at $375,000 over five years; developer JJ Thomas described the project and projected local economic impacts.
The Homewood City Council voted 10–0 on Jan. 13 to approve a pay‑as‑you‑go tax incentive for The Edge, a mixed retail and community‑space redevelopment on Green Springs Highway.
Developer JJ Thomas said the project repurposed former retail property into nine leasable businesses, a covered stage and a large community green and that the project cost was a little more than $6 million. Thomas estimated the development would create 16 full‑time and 71 part‑time jobs, produce payroll of more than $3 million a year and generate about $3.6 million in direct and indirect tax…
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