Officials for Lowe’s Offered Tax Break to Build in Georgetown

June 20, 2008

By Kelly Marshall Fuller – The Sun News

Officials working to bring Lowe’s Home Improvement Warehouse to Georgetown confirmed Thursday they had tentatively been offered a $653,000 tax break as an incentive to build in the area.

Although the building of the warehouse still faces some hurdles – including final approval by Georgetown City Council – the tax incentive is comparable with what other municipalities are offering, said Des Roberts, who is representing the company in its real estate dealings in Georgetown.

Georgetown City Council gave initial approval last month to the annexation and rezoning of the 28-acre property where the store could eventually be located.

If approved by the council a second time, the property will be automatically rezoned from low density residential to general commercial.

Kensington residents have opposed the Lowe’s Warehouse in the past and expressed concern that traffic flow into the store would be too close to the playground at Kensington Elementary School near Summit Drive.

None of the neighborhood residents attended Thursday’s Georgetown City Council meeting to protest the construction of Lowe’s.


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