After more than two years of development discussions, the Greenville City Council, in their meeting this week, unanimously approved a TIF proposal for Westmore Development to bring a new Dollar General store building to Greenville.
Under the proposal, the City of Greenville would initially pay Westmore $200,000 in TIF funds to reduce the cost of property purchased from Dust & Sons in the former location of the building occupied by Dust & Sons and the Bond County Senior Center on Third Street. The city would pay Westmore an additional $145,300 in TIF funds over the next eight years. The city specified the building would be made of brick on all four sides, rather than the metal structure usually used by Dollar General.
Westmore had previously told the city that without the TIF funds the rent at a new building would not be possible for Dollar General and they would extend the lease in their current location. City Manager Dave Willey said the city’s interest would be best served by having a larger Dollar General store in a downtown location with more parking.
Willey told WGEL that the soonest the city will know if the TIF proposal is accepted by Westmore would be September 12. If the proposal is accepted in September, construction could begin in the fall.
