A new resolution to fund public improvements by the city of Searcy, Arkansas allows a developer to move forward on a shopping center. Combining the power of the public and private sectors grows retail and jobs while enhancing the city’s tax base.
In attendance was Robert Jolly, CEO of Retail Strategies. “We vet the need and then bridge the gap between the developer and the municipality.”
“Our projections are that this project will generate $2.1 million in retail sales tax in the first five years. Then, however, this construction is repaid and 100% of it will be entirely the city’s. It is truly a win-win partnership.” ~ Robert Jolly
The center is expected to include Hobby Lobby, Ulta, Petco, and Shoe Carnival/Shoe Show, with the inclusion of a Dick’s Sporting Goods and Ross Dress for Less in Phase 2.