New development to sit on Limestone Co. side of Decatur - WAFF-TV: News, Weather and Sports for Huntsville, AL

New development to sit on Limestone Co. side of Decatur

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Limestone County Commission Chairman Stanley Menefee said he 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. Limestone County Commission Chairman Stanley Menefee said he 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.
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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.

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