City waits for Limestone Co. to pitch in for Sweetwater - WAFF-TV: News, Weather and Sports for Huntsville, AL

City waits for Limestone Co. to pitch in for Sweetwater

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All they need now is Limestone County and the state to pitch in for it to be a success. All they need now is Limestone County and the state to pitch in for it to be a success.
DECATUR, AL (WAFF) -

The city of Decatur is already on board with what it will take to bring a major billion dollar project called the Sweetwater Development to the area.

All they need now is Limestone County and the state to pitch in for it to be a success.

Officials fear that big plans for a hotel, restaurants, and the rumor of a Bass Pro Shops will be a bust if all sides don't help out.

Decatur city leaders want Limestone County to throw in around $2-million on top of a $40-million incentive package to see the development at the corner of Interstate 65/565 interchange come to fruition.

Limestone County Commissioners are being very cautious about the project and want to make sure they'll get a return on that kind of investment.

Commission Chairman Stanley Menefee said the county's contribution will likely come from its general budget.

Initially, the major return on the investment will go to education with a two cent sales tax going directly to county and city schools once stores open.

However, there is a concern that if this development were to fail, the general budget would suffer the loss. Limestone County won't get to see their return until new homes and gas stations are built around the development which they can collect on and the debt is paid on the construction itself, which could take years.

"The whole commission will have to weigh the odds. Decatur Mayor Don Kyle and others involved will want consider that as well. There is risk in any kind of investment in economic development. Everybody wants this project to be successful," said Menefee.

Copyright 2013 WAFF. All rights reserved.

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