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Developer seeks $330,000 772 incentive as downtown redevelopment advances; commission appropriates up to $425,000 for downtown revitalization
Summary
A developer presenting an LRDA downtown project requested a performance-based 772 incentive capped at $330,000 over 10 years; the commission also approved an appropriation of up to $425,000 to the Dothan Downtown Redevelopment Authority to support downtown revitalization.
A developer representative told the Dothan City Commission on June 30 that a downtown LRDA project under consideration would benefit from a performance-based 772 development agreement and is seeking a $330,000 cap spread over 10 years (no more than $33,000 per year) to support a restaurant tenant.
Colton Curton, representing the LRDA project, said the overall development has been about $3 million to date and that a restaurant build‑out would cost roughly $1.1 million. He described the proposed 772 arrangement as sales‑tax based and performance driven: sales tax from the restaurant would be split between the city and private partner to repay the incentive. “The 772 ask overall would be $330,000,” Curton said, and the developer’s economic modeling projected roughly 40 new part‑time positions and estimated a $3.5 million increase to local GDP and $5.1 million in total local economic output.
City Manager Randy Morris told commissioners that prior local 772-type agreements have typically not reached the payment thresholds over time: “To date, all of the ones that we've done, we've not had anyone that met the threshold whether annually or over that 10‑year period,” he said, underscoring the performance-based nature of the tool.
The commission separately approved Resolution 2026-160 to appropriate up to $425,000 to the Dothan Downtown Redevelopment Authority to assist downtown revitalization; the appropriation was approved by voice vote (tally not specified in the transcript). The downtown appropriation and the 772 request are related to broader efforts to attract private investment and a new restaurant tenant to downtown.
What comes next: The transcript does not record a final vote on the specific 772 development agreement during the provided segment; the developer’s presentation was taken up for questions and staff indicated additional analysis and monitoring of performance thresholds will inform any future agreement. The appropriation to the Redevelopment Authority is effective immediately as approved.
