"Sweetwater" to Feature
Genesis U.S.A. Development, LLC today announced plans for Sweetwater, a unique planned mixed-use retail, entertainment, office and residential community to be located on 540 acres in Decatur, on the south side of Highway 20 at Interstate 65/565.
The first phase will include 125 acres anchored by Bass Pro Shops (www.basspro.com) and a major hotel and convention center. The formal announcement of the hotel and convention center will be made within the next month. Phase I will include up to 300,000 square feet of additional retail.
Bass Pro Shops,
"This is exciting news for the City of
The investment for Phase I is estimated to be up to $200 million, with the development group being comprised of private investors embedded in the national music and entertainment industries. Upon completion the entire Sweetwater project is estimated to have a total cost of up to $1.3 billion.
Along with Bass Pro Shops, the new hotel and convention center and plentiful retail space, future phases of Sweetwater will include over 1 million square feet of retail, approximately 825,000 square feet of medical and office buildings, a world-class entertainment venue with a seating capacity of up to 8,000 people, 2,700 residences which will be home to between five and 7,000 people, school, fire station, parks and lakes.
Annual tax revenues from the entire first phase of the development are estimated to generate $1.6 million for the City of Decatur's general fund, $375,000 for the Decatur City School System, $280,000 for the Limestone County Commission's general fund and $2.3 million for the Limestone County School System.
"I can't begin to say how excited we are about working with Genesis in
Sweetwater will ensure
"I believe while Decatur may claim the location of this enormous project, the effects will be felt across not only across north Alabama, but throughout the entire southeastern United States," said Tami Reist, president of the Decatur/Morgan County Convention and Visitors Bureau. "
Award-winning in concept and design, Bass Pro Shops retail stores are rated as top tourist destinations. Over 90 million people visit their stores annually. Widely recognized for their efforts in conservation and outdoor education, Bass Pro Shops stores also offer Outdoor Skills Workshops for adults, kids and families.
Bass Pro Shops stores are a combination of museum, art gallery, aquarium, outdoor education, conservation and entertainment. Each store is uniquely themed to the region in which they are located so that no two stores are alike.
"We are very excited to be a part of this great regional location in
Bass Pro Shops, known for hiring associates that have a passion for the outdoors, is expected to employ approximately 300 people, many of whom will come from the local region.
"We could not have brought this development to
Sweetwater is a planned mixed-use retail, entertainment, office and residential development to be located on 540 acres in