ALBANY, GA (WALB) - Plans for a new Walmart in East Albany continue to move forward. Walmart plans to close the deal on property at the intersection of Cordele Road and Clark Avenue in East Albany in about six months.
Tuesday, city commissioners tentatively approved a road improvement incentive for the development.
The developer will pay for about $800,000 worth of road improvements, including entrances and exits to the property; then, the city and county will reimburse the developer.
Planning Director Howard Brown said, "The genius of this is that the city and county will not pay one dime, until the actual building is built and receives a certificate of occupancy from the planning and development department."
City commissioners say $800,000 is a drop in the bucket compared to the $3.3 to $4.5 Million in taxes the new Walmart would provide the county. It's also expected to add up to 500 jobs.