December 10, 2023

Food City

The Best Darn Food City Uou Can Get

Food City grocery store eyes Gadsden Mall, asks for tax abatement

Food City is based in Virginia and has 132 stores in Alabama, Georgia, Kentucky, Tennessee and Virginia.

The first public discussion of a proposed full-service grocery store to locate at the end cap of the old Sears property came Tuesday, when Gadsden Commercial Development Authority Director Lesa Osborn asked the City Council to authorize a public hearing April 19.

The proposed development would bring a Food City grocery store to the property. It will be a $14,440,000 investment; Food Stores Inc., of Virginia, is asking the council for a tax abatement of 2% of the city’s 5% sales tax proceeds for 15 years, or a total of $6,738,160, whichever comes first.

The proposed public hearing would be at 11 a.m. during the Gadsden City Council’s regular meeting on April 19. The council did not consider the resolution Tuesday; it would have to pass the resolution in time to advertise the public hearing next month.