Fort Payne sees retail development upswing

Fort Payne sees retail development upswing

FORT PAYNE, AL (WAFF) - Fort Payne is seeing a boom in its retail development, and that means more sales tax for the city.

On Tuesday, the city council meets to discuss the work of a retail developer that has helped the city gain new business.

The city now brings in $9 million in sales tax revenue.

When K-Mart closed in Fort Payne, Mayor Larry Chesser said they were unable to get someone to take it over. So they reached out to a company called Retail Strategies and it paid off.

The K-Mart project was the first for Retail Strategies and now the property is thriving with Dunham's Sports, the Dollar Tree and Badcock Home Furnishings.

Chesser said their nearly $80,000 investment in that company has paid off with a more than $180,000 sales tax return.

Now the company has been working with Applebee's restaurant and Chick-fil-A, who are now coming to Fort Payne.

Chesser said they're not slowing down and are continuing to work to bring more retail to the area.

"I feel sure that there will be some others on the horizon because I know of a quite a few people they are talking to. Sometimes it just takes time. Somebody who is going to spend $2 or $3 million, they're going to take their time about it," said Chesser.

Applebee's and Chick-fil-A are both expected to be completed later this year.

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