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Case Study 1:
The Client:
Alabama Developer
The Location:
Tulip City, Alabama
Average Annual Sales (entire project):
$140 million
Employees:
300 new full-time
180 new part-time
Incentive Package:
TIF
Incentive Dollars:
$10.2 million in TIF
Situation:
A developer doing a retail life center in Alabama needed help with
infrastructure and cost financing. The overall project was in excess of $100
million. The infrastructure was budgeted at $12 million.
Approach:
TCM utilized its proprietary system to evaluate and negotiate with responsible
governmental authorities to identify and fund infrastructure costs. TCM also
worked with the city council to issue TIF, that had never been done in this city
before.
Results:
$10.2 million in TIF was granted to the developer to help improve the ROI on the
project and facilitate the project's use for the rural community.
Case Study 2:
The Client:
Southern Retail
The Location:
Swift Water, Louisiana
Average Annual Sales (per store):
$30 million
Employees:
100 new full-time
70 new part-time
Incentive Package:
STSA
Incentive Dollars:
$2 million
Situation:
Our client, an expanding southern retailer wanted to expand their business into
Louisiana. The cost for the expansion was $14 million.
Approach:
TCM worked with the local city council and county counsel to create a Sales Tax
Sharing Agreement. The client will receive 1% of sales tax generated by the
store (average sales of $30 million per year), which equals $300,000 in sales
tax credit per year for 10 years or until $2 million is received, whichever
comes first.
Results:
$2 million were made available to help the client improve the ROI in the project
and to insure that this specific location was developed versus competing
locations.
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