Lowe's requests special taxing district
It was announced to the residents of Abbeville that a new home improvement retailer, Lowe’s, is in the process of building a new store on Charity Street last week.
Many months of negotiations went into the process of the “big box” store locating in the city and one item that was recently discussed in the development of the project, is that the retailer will be one-half million dollars over budget. Therefore, Lowe’s has requested that the Abbeville City Council and mayor approve a special taxing district consisting only of their store.
The tax will be a 1/2 cent sales tax for consumers who purchase anything at the store.
According to Abbeville Mayor Mark Piazza the special taxing district has a maximum life of seven years and then it is gone.
However, rumors and mistakes in the interpretation of the tax prompted Mayor Piazza to release the following information:
“I realize there is some concern about bringing in a large retailer and how it will affect our local businesses, but our city is not large enough to cherry pick which companies to invite into the community.
“Their market surveys show that we are losing sales to the Lafayette and New Iberia stores.
“If we are going to continue to grow and keep up with other cities in Acadiana then we must continue to aggressively pursue any and all new businesses.
“More businesses equate to new jobs and Lowe’s will bring 120 new jobs for our citizens and children.”
This tax will not be assessed to all citizens, only those who wish to purchase from the store.