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Garner council authorizes up to $5 million incentive for E District Phase 1
Summary
The Town of Garner unanimously approved a reimbursement‑style economic development incentive capped at a $5,000,000 net present value for E District Phase 1, a medical‑anchored mixed‑use project that includes retail and multifamily housing; council asked staff for additional cost and infrastructure detail.
The Garner Town Council on Nov. 18 unanimously authorized the town manager to negotiate and execute an economic development incentive agreement for E District Phase 1, a medical‑anchored mixed‑use development that will include a national grocer, 100,000 square feet of retail and approximately 280 multifamily units.
Economic development director Nate Groover told the council the town’s business investment policy allows the municipality to extend assistance to induce a company to locate or expand within Garner.…
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