Suburban Residential/Retail/Motorpark Mixed-Use
Components: For-Sale Residential, Outlet Center
Project Value: $300m Private Investment; $35m TIF component
SAG prepared a feasibility study for United States Steel Real Estate and Daniel Corporation for Grand River, a 6,500 acre tract of land in Leeds, AL, a Birmingham suburb. Grand River is a mixed-use, master-planned community which upon completion is to include: 6,000 single family homes; 1,500 multi-family homes; 1.2 million SF of retail; 1.0 million SF office/commercial; Bass Pro Shops Outdoor World; two elementary schools; Barber Motorsports Park & Museum; and a nature park.
SAG assessed the tax increment financing potential of Grand River. The tax increment related to Phase I of the project funded $35 million in infrastructure improvements focused on roads and utilities. Property taxes generated in the City of Leeds and Jefferson County and sales taxes generated in the City of Leeds supported the tax increment financing.