The News Courier in Athens, Alabama

Local News

October 9, 2013

Sweetwater development stalls

The $1.3 billion Sweetwater development at the juncture of Interstate 65 and Highway 20 in a Decatur-annexed portion of Limestone County has stalled, according to Decatur officials.

In March, Decatur City Council voted 4-1 to approve $40 million in incentives for the retail and commercial proposed project spearheaded by Genesis USA of Nashville.

The development included an initial phase of 25 acres and 1.3 million of square footage for mixed-use development. Genesis USA officials describe the Highway 20 corridor surrounding the proposed site as “one of the most desirable and rapidly growing areas” in the U.S.

City officials had not confirmed businesses included in the development, but Genesis USA listed a $28 million Bass Pro Shops as the anchor retailer.

Decatur Mayor Don Kyle released a statement that confirmed the development would not be “feasible” in 2014 due to a “sluggish national economy” and the impact of “sequestration and other events affecting our local retail sales and related revenues.”

“(Decatur) has been in negotiations for months to have a destination shopping area located in the city, with a goal of opening in late 2014,” said Kyle. “We are confident that the economy is slowly improving, which will eventually result in new retailers and restaurants coming to Decatur.”

Earlier this year, Limestone County declined Decatur’s request to add $2 million in cash to the Sweetwater incentive package. However, county officials were considering ad valorem abatements for the project.

Commission Chairman Stanley Menefee said on Monday that he anticipated the Highway 20 corridor being developed at a later time due to its prime location and the improving local economy.

1
Text Only
Local News
Poll

A recent national telephone survey found 75 percent of respondents believe the sale and use of pot will eventually be legal nationwide. Do you think marijuana should be legal in Alabama?

Yes
No
No, but I don’t think pot smokers should go to jail
Yes, but only for medical use
Yes, but only for personal adult use
     View Results
Facebook
AP Video
Tributes Mark Boston Bombing Anniversary Raw: Kan. Shooting Suspect Faces Judge US Supports Ukraine's Efforts to Calm Tensions Suspect in Kansas Shootings Faces Murder Charges Ukraine: Military Recaptures Eastern Airport Raw: Storm Topples RVs Near Miss. Gulf Coast NASA Showcases Lunar Eclipse Pistorius Cries During Final Cross-Examination The Boston Marathon Bombing: One Year Later Michael Phelps Set to Come Out of Retirement First Women Move to Army Platoon Artillery Jobs Sex Offenders Charged in Serial Killings Police: Woman Stored Dead Babies in Garage OC Serial Murder Suspects May Have More Victims Family: 2 Shot in Head at Kan. Jewish Center Raw: Horse Jumping Inspires 'Bunny Hop' After Attack, Officials Kill 5 Bears in Florida Popular Science Honors Year's Top Inventions ND Oil Boom Attracting Drug Traffickers
Twitter Updates
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Stocks
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Business Marquee