The City of Gardendale and the developer on the new 8,700 square foot retail development at 626 Fieldstown Rd., Eagle Vol AL, LLC, have come to an agreement as to tax abatement on the project and the council approved at last night’s meeting $350,000 in tax abatement over a 10 year period.
A representative of the developer spoke at last night’s public hearing portion of the council meeting and said the developer anticipates breaking ground in November and opening in late summer 2023.
The $350k in tax abatement represents approximately 30% of projected sales tax revenue for the 3 tenants over a 10 year period under the city’s current 3 percent sales tax.
Chicken Salad Chick, Jersey Mike’s and Dunkin Donuts are in place and there will also be a 4th tenant at the development once signed. No information is available as to who the 4th tenant will be.