Council adopts incentives for M and S Construction project on Lee/Glover corridor

The council voted to adopt Resolution 070726, approving performance-based economic-development incentives to M and S Construction LLC / M and S Development LLC for a proposed project along Lee and Glover Streets.

Staff described the project as a roughly $5 million build that would include a fitness facility, sports/fitness training spaces, and a retail corridor facing the recreation and aquatic center. According to the staff presentation, the incentive package has two components: a one‑time construction-related rebate described in staff materials as "approximately $100,000" payable after project completion from generated sales taxes, and a second multi-year sales-tax sharing component that staff characterized in their presentation as "another half $1,000,000 over a period of 5 years based on half of the sales tax received." Staff emphasized the incentive is performance-based and that payments depend on actual tax generation and occupancy.

There was no public comment during the advertised hearing. Councilmembers framed the resolution as a local economic-development tool intended to spur investment in corridors the council identified as priorities (Southern Bypass, Rucker Boulevard and Main Street). The motion to adopt the resolution carried on voice vote.

Under the adopted terms, the developer is only eligible for rebates or sharing if the project and revenue targets materialize; if the project does not mature, staff said no incentives will be paid.