Trussville to consider incentives, leases for Food World space
By Gary Lloyd
The Trussville City Council on Tuesday will hold a public hearing and consider tenant incentives and leases for two businesses to occupy the former Food World on Main Street.
The meeting is at 6 p.m. at Trussville City Hall.
Trussville’s Downtown Redevelopment Authority earlier this month approved the execution of subleases for the former Food World building.
The city council will hold a public hearing to consider a tax incentive deal to bring a grocery store and fitness center into the space. The incentive will likely include abating a portion of the sales tax for the grocery store, up to an amount of $800,000 over a four-year period. The city council will also consider spending about $800,000 to divide the former Food World into two spaces.
The two businesses are Triple N Enterprises and 24e Fitness.
The city of Trussville has spent about $22,000 per month for rent on the building since leasing it in October 2011. The city spent $250,000 to end a 15-year lease with America’s Thrift Store, which had planned to open a store there.
The building has been vacant since 2010.
Contact Gary Lloyd at email@example.com and follow him on Twitter @GaryALloyd.