New restaurants along Ledo add up to big bucks - WALB.com, Albany News, Weather, Sports

New restaurants along Ledo add up to big bucks

June 15, 2007

Lee County-  Chili's broke ground this week on its new restaurant in Lee County. It will bring much needed tax revenue to the financially struggling county and could attract more businesses to Ledo Road.

Crews are laying the groundwork for the new Chili's restaurant scheduled to open in September. Not far away, the new Mellow Mushroom will open next month. Because restaurants tend to locate in close proximity, they're expected to bring more restaurants to Ledo Road. Chili's is making a two million dollar investment in Lee County.

"Three percent of that sales tax which will amount to about $60,000 dollars a year will remain in Lee County to help with not only the tax base which will generate another $10,000 or $15,000 a year in property tax, but that sales tax along with property tax means a net increase in revenues for Lee County some 75,000 maybe as much as $85,000," said Winston Oxford, Lee Co. Chamber of Commerce President.

Another national chain is considering the property behind Fairway Toyota. They're expected to make an announcement in the next 30 days.

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