The Fayetteville Cumberland Economic Development Corporation is asking the Fayetteville City Council to approve economic incentives to attract an air dome manufacturer to establish operations in Fayetteville.
The proposed incentives include $63,948 from the city and $88,170 from the county, paid in annual installments over five years. The city council will hold a public hearing on the proposed incentives at the Feb. 24 council meeting.
Referred to in city documents as “Project Crossfit,” the proposed development includes the company’s headquarters, manufacturing plant and distribution center for its air dome structures. Air domes are large inflatable structures used for covering various spaces like sports arenas, warehouses and swimming pools.
The proposed site for Project Crossfit is located on more than 14 acres off Aviation Parkway, near the Fayetteville Regional Airport. Three acres are within city limits, while the remaining 11 acres would be voluntarily annexed into the City of Fayetteville, city meeting documents state.
According to the documents, the company is also assessing sites in multiple states for its venture, so Fayetteville’s incentives will be crucial in securing the project for the city.
“Incentives have been requested from the city and county to reaffirm our commitment to Project Crossfit and demonstrate that our community is the right location for this project, and a public hearing has been called to approve or deny those incentives,” the documents state.
According to city documents, the company’s operations plant would bring 72 jobs to Fayetteville with an average salary of $47,734. That adds up to $3.4 million in annual payroll.
“The community is primed to meet the project’s workforce needs,” the documents state. “Our local educational institutions, including FTCC, Fayetteville State University, and Methodist University, have programs in place to produce workforce talent that is well-prepared for critical careers in manufacturing, distribution, operations, and more.”
The factory’s establishment in Fayetteville would also result in:
- $4.1 million in capital investment in phase one
- An estimated $229,192 in city tax revenue over a ten-year period
- Net revenue, after cash incentives are paid, is expected to exceed $165,244.
“If successfully secured, the City of Fayetteville and Cumberland County would benefit from the tax revenue generated by the facility, economic activity stimulated by its investment, and wages paid to the employees,” city documents state.
Residents wishing to provide input on the proposed incentives can do so at Monday’s Fayetteville City Council meeting but must sign up beforehand. The meeting will take place at 6:30 p.m. at City Hall, 433 Hay Street.
Contact Evey Weisblat at eweisblat@cityviewnc.com or 216-527-3608. This story was made possible by donations from readers like you to CityView News Fund, a 501(c)(3) charitable organization committed to an informed democracy in Fayetteville and Cumberland County.
Wish I could attend this meeting, but can not.
In 2005, many of us were annexed into the city, (Against our will) but the city did it anyway! Our circle has paid our taxes 25 years and received a green and blue.
I do not want the city to invest in anything new until we all receive what we have been intitled to. Water and Sewage.
We have seen this city spend too much money and we are all still waiting on this!!
I believe the city is extended over their heads and we will pay for it. This must stop. Trying to keep up with Wake and Johnston Co? Bring in the professionals because trying to renovate with antiquated codes and no consequences for scammers is counter productive and puts all of us in a no win situation. Btw just received a new tax assessment on my property …yeah right more taxes and less benefits!