While developers still aren’t ready to release the name of the chain, a new 27,000 square foot grocery store is set to be constructed on West Marion Street in the lot right behind Pizza Ranch.
To help facilitate the project, The Manchester City Council unanimously approved granting BR Development an 80% tax rebate over the next 12 years in an amount not to exceed $1.2 million at its Nov. 9 meeting.
Ryan Fitzpatrick, associate for Cushman & Wakefield, addressed the council via Zoom but with audio being an issue, City Manager Tim Vick had to relay most of Fitzpatrick’s message to the council.
Because the developer is still working out a few details with an adjacent property owner, they are not ready to release the name of the grocery franchise. However, Vick said the operation has a familiar name and will be new to the area.
The ground is likely to be broken yet this year with an anticipated open date of late Summer 2021.
Vick said while this development deal is a little more generous than the city has traditionally offered, it still falls in line with past practices.
“The benefit here is they still have to pay their property taxes, but they are rebated a portion of them back,” Vick said. “The amount of incentive they receive is dependent on the valuation of their property and what they actually pay in, but the cap on the agreement is $1.2 million over a period of 12 years.”
Vick said another benefit of this deal is that there aren’t any infrastructure improvements that need to be made by the city in order to facilitate construction.
The new business is expected to bring a mix of 50 full and part-time jobs with full benefits.
The council also unanimously approved continuing its practice of contributing $30,000 per year for the next three years to the Delaware County Economic Development.
Donna Boss, Delaware County Economic Development director, expressed her gratitude to the council for furthering its commitment, saying it takes a village to make things happen.