Vestavia Hills City Council has approved a plan worth $6.3 million to build a shopping mall on U.S. Highway 31.
The 2-acre vacant property at 1467 Montgomery Hwy. The property at 1467 Montgomery Hwy. is set to be a multipurpose building that will house Waldo's Chicken and Beer and Big Bad Breakfast, among other things.
Documents from the city council meetings state that the project will 'beautify U.S. Highway 31', enhance the gateway of the city, its character and image, and provide community-minded uses for the city. It will also enhance connectivity.
Jeff Downs, Vestavia Hills' City Manager, said that the site has been unused for a long time.
He said: 'It sits along our main corridor on Highway 31 and, in our opinion is crucial, in terms of getting it active, getting a lovely development there, and providing a catalyst as we continue to redevelop, and push forward, economic opportunities on Highway 31 particularly the southern end.
Vestavia is offering a 50% rebate annually on the city sales tax collected at the center. This does not include taxes for Vestavia Hills City Schools. The rebate will last 18 years, or up to $1.5 million. According to the Hoover Sun, it is expected that this development will generate approximately $100,000 in sales tax per year.
Ward Neely said that adding the restaurants to the center will take about six weeks. The project is being spearheaded by Neely, John Michael Bodnar and Vestavia 31 RE.