The Hoover City Council on Monday night is scheduled to vote on an economic incentive package being sought for the second and third phases of the Stadium Trace Village development at the intersection of Interstate 459 and John Hawkins Parkway.
City Administrator Brian Muenger on June 22 shared details of a $28 million incentive package that was proposed to the City Council for phases two and three.
Most of the incentives — up to $23 million — were tied directly to the 147 acres yet to be developed in phases two and three. But the developer, William Kadish of Broad Metro, also was seeking to expand the amount of tax rebates he received for phase one from $20 million to $25 million and to give him an extra four years beyond his existing agreement to capture that extra $5 million, Muenger said. That would bring the total amount of new incentives possible to $28 million, he said…