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Homewood council approves five-year tax incentive for The Edge development
Summary
Homewood City Council voted 10-0 on Jan. 13, 2025, to approve a five-year pay-as-you-go sales tax incentive for The Edge redevelopment at 815–819 Green Springs Highway, capping the city's contribution at $375,000 and outlining expected job and revenue impacts.
Homewood City Council voted 10-0 on Jan. 13, 2025, to approve a pay-as-you-go sales tax incentive for The Edge, a redevelopment at 815–819 Green Springs Highway that the developer says includes nine businesses and a large community green space.
The resolution, No. 2501, caps the city's benefit at $375,000 over five years and would route 50% of the city's non-educational sales and use tax from new sales at the development back to the project, with a proposed annual cap of $75,000. Developer JJ Thomas described the project's scope and projected economic impact during a…
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