Aldermen voted 6-1 Friday afternoon to increase the city’s tax-increment financing obligation for the redevelopment of the old Garan Manufacturing site from $3 million to $4.2 million.
Starkville is one step closer to bringing in an ALDI grocery store and a TJ Maxx department store thanks to a tax-increment financing plan the Starkville Board of Aldermen approved Tuesday with a 5-2 vote.
The Starkville Board of Aldermen will vote Tuesday on a tax increment finance plan for a retail shopping center development project at the intersection of Highway 12 and Industrial Park Road.
A Walmart Neighborhood Market may be coming to east Starkville after all.
Ward 1 Alderman Ben Carver says he will not support any new tax increment financing (TIF) packages until Starkville develops clear guidelines for their implementation or until the incoming administration takes office after next year’s municipal elections.
Aldermen are expected to again consider a $1.35 million-maximum tax increment financing package Tuesday that would help land a Wal-Mart Neighborhood Market in east Starkville and construct a public roadway to spur new development.
It’s never easy to risk turning away business, especially in Mississippi which is currently in the throes of a severe economic crisis.
Developer Mark Nicholas received about $909,000 in tax increment financing reimbursements from Starkville after the board of aldermen accepted his Cotton Mill Marketplace plat Tuesday despite future upkeep worries for a private road connecting the development to public infrastructure.
A proposed Wal-Mart Neighborhood Market is in jeopardy after the Starkville Board of Aldermen denied two different tax increment financing proposals Tuesday.
Oktibbeha County supervisors and Starkville aldermen paved the way for a new Academy Sports retail store last week, approving a $1.5 million-maximum, 15-year tax increment financing plan for the development.