Plan could reinvigorate stalled retail development in SW Springfield
Brody Corners, located off West Sunshine at James River Freeway, opened in 2022. The developer planned to have $27-million worth of new restaurants, retail, and offices. But progress has been slow. So far, only a Maverik-Kum & Go has been built.
Springfield city leaders are now looking at an idea by the developer that could bring new tenants to the spot.
On Monday night, the city council heard a proposal that would allow lots and apartments, along with the planned shops, at the site. In a request for the change, the developers said the residential component could make the site more attractive for potential builders.
The idea needs council approval since Brady Corners is a TIF (Tax Increment Financing) district, meaning a portion of new tax revenue from the businesses goes back into infrastructure costs at the site.
The council will vote on the proposal on June 9th.
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