Proposed East Bend Development moves forward
May 14, 2019--7:44 a.m.
The proposed East Bend Development moves forward.
On Monday, the Rome City Commission approved the establishment of a fourth Tax Allocation District.
The proposed redevelopment area includes four parcels consisting of 19.74 acres at Hicks Drive and Turner McCall Boulevard.
Ledbetter Properties is asking for a TAD Reinvestment of $1,968,465 payable over 15 years.
The East Bend development has a potential for 20 to 28 new retail, restaurant and service businesses, bringing 450 new jobs.
The majority of the businesses would be new to the Rome market.
Last week, hometownheadline.com reported that there have been very preliminary talks with Panda Express and Texas Roadhouse about options at the center.
Developer Wright Ledbetter told commissioners Monday night that the old K-Mart building will be demolished.
“We have to redo the entire site,” he said. We have to pull out the existing infrastructure including all the pavement, storm water and utilities. There will be no net rise in base flood elevation but we are rebalancing the site, bringing it up on the north end.”
Ledbetter addressed traffic concerns at the intersection.
“It’s not a big part of the construction budget but we do have dollars in the construction budget to help rework the stacking lanes exiting Hicks Drive onto Turner McCall to provide more capacity for stacking,” he said. “We are also adding a right-in and right-out lane to the sight that doesn’t exist there now.”
The proposed timeline for the project would see the TAD process completed by June 1 with the closing on the purchase of the property on July 1.
The developers hope to have all permits and begin site work August 1 with construction being completed by October of 2020.