Wednesday, June 19 2013 3:34 AM EDT2013-06-19 07:34:21 GMT
A fire damaged a Florence plan early Wednesday morning. Investigators said all workers were accounted for, after the fire at the Fiberex plant on Parkway Drive. Investigators told WAFF 48's Marie WaxelMore >>
Investigators are looking for the cause of a fire that damaged a Florence plan early Wednesday morning.More >>
Tuesday, June 18 2013 10:56 PM EDT2013-06-19 02:56:14 GMT
Under the Accountability Act, parents can get tax credits worth about $3,500 annually if they choose to send their child to a private school. More >>
Parents discuss their child's academic future after the state releases list that reveals nine schools in North Alabama are considered failing schools.More >>
DECATUR, AL (WAFF) -
The Decatur city council has agreed to fork over $40-million in incentives to bring the Sweetwater development to town, but that part of town doesn't sit on the Morgan County side of Decatur.
Limestone County Commission Chairman Stanley Menefee said he and his fellow commissioners have signed a confidentiality agreement, so they cannot even say Sweetwater when talking about the development being negotiated, but he did say it's at the I-565 and I-65 interchange.
Decatur city officials revealed it is the Sweetwater Project, with a hotel, restaurants, and an anchor store. Decatur is offering $12-million for start-up costs, and $28-million in tax breaks to lure in the development.
Menefee said he is not at liberty to identify the project by name, but he added he will meet with Decatur's Mayor, Don Kyle, to figure out what Limestone County needs to do to sweeten the deal.
"I think next week Mayor Kyle and myself are going to get together. I would say it would be Monday or Tuesday or something along that line, and we are going to talk about things like that," said Menefee.
He said the development's location would provide steady money coming in from outside the area.
"I think with the interstate there, a vast majority of the revenue will come from interstate traffic," he said.
Local officials said another major plus for the area is the money it would raise for schools through cuts of sales tax revenue, and in this case, that would benefit Decatur City Schools and Limestone County Schools.
Kyle said he hopes to have a final development agreement with the developer by later this spring.
City officials say the Sweetwater Project could bring in as many as 4,000 jobs.