By Gary Lloyd
Trussville’s Downtown Redevelopment Authority on Thursday night approved the execution of subleases for the former Food World building on Main Street.
Final approval of the leases is expected to occur at the Aug. 27 Trussville City Council meeting at 6 p.m. at Trussville City Hall.
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, 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.
Downtown Redevelopment Authority Chairman Jef Freeman said he is glad to see two new businesses occupying the building.
“We put a lot of hard work into this,” Freeman said.
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 news@trussvilletribune.com and follow him on Twitter @GaryALloyd.