Hoover approves $28M for new Stadium Trace Village expansion
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The Hoover City Council approved Monday evening $28 million in tax incentives to expand the popular Stadium Trace Village development located on the corner of I-459 and John Hawkins Parkway off Exit 10.
In addition to the incentive package they also agreed to spend $4 million to address stormwater issues related to the development.
The measure passed unanimously after an hour-and-a-half-long public hearing.
Hoover residents expressed concerns about traffic
Local Hoover residents expressed concerns about potential traffic problems that might be caused by the new development and whether the incentives were a wise investment.
Speakers cheered the plan to fix stormwater problems that have adversely impacted Scout Creek and Scout Lake for years.
“The bottom line is this thing has to perform to get $28 million. The school system over the 20 years is going to end up with about $25 million. We love that for our schools and, again, another amenity for the citizens of Hoover.”
Hoover Mayor Nick Derzis, in a statement on the City’s website after the Council meeting
What will the Stadium Trace Village expansion include?
According to Broad Metro, the developer of Stadium Trace Village, Phase II and Phase III of the expansion will provide the following amenities:
- An 80,000 square foot healthcare campus that includes a ambulatory surgery center, imaging and diagnostic services, space to support physicians and healthcare providers
- Independent living, assisted living and memory care facilities for seniors
- Chasing Aces, a premier golf destination and community gathering entertainment center
- Nature trails, boardwalks and greenspace
The developer and Hoover predict the development will generate 550 jobs and $50 million in annual sales.
