$95 million in tax rebates, committed everywhere but the mall
While the Galleria declined, the city committed tens of millions in tax rebates to build new retail and mixed-use elsewhere, budgeting about $3.9 million in rebate payments for FY2026 alone.
Where it stands
Getting worse
Hits residents
6/10
Years covered
2023–2026
Sources
3 linked
- ~$95M
- Sum of four multi-year incentive caps identified in city and council records
- $3.9M
- Developer rebate payments budgeted for FY2026
- $42M
- Largest single package, for Riverwalk Village
As of 2026-07
As of 2026
As of 2023-11
What happened
Hoover has authorized four multi-year incentive packages totalling roughly $95 million, based on the city’s own published caps: up to $25 million over 19 years for Stadium Trace Village Phase 1, raised from $20 million in July 2026; $23 million for Stadium Trace Village Phases 2 and 3; $42 million for Riverwalk Village, including $25.8 million in rebates and up to $16 million in cash; and up to $5 million for Village at Brock’s Gap Phase 2. The city has published no single consolidated schedule of these commitments, so the $95 million figure is an addition of four public caps, not a city total. The FY2026 budget itemizes $3,900,245 in developer rebate payments for the year. The city argues the rebates are self-funding, paid only from tax revenue the projects themselves generate, with some agreements reverting to full city collection after a set period. No comparable incentive package has been offered for the Galleria.
Timeline
Council approves Riverwalk Village’s $42 million incentive package on a 5-2 vote.
Hoover Sun (hooversun.com) ↗Council approves up to $5 million in rebates for Village at Brock’s Gap Phase 2.
Hoover Sun (hooversun.com) ↗Council unanimously approves $23 million for Stadium Trace Village Phases 2 and 3.
280 Living (280living.com) ↗Council adds $5 million to Stadium Trace Village Phase 1, raising its cap to $25 million.
Hoover Sun (hooversun.com) ↗
Who's involved
Broad Metro LLC
Developer of Stadium Trace Village
Council President Casey Middlebrooks
Council leadership on the incentive votes
Councilman Gene Smith
Argued the underlying land gains value once developed
The other side
The city argues the rebates are self-funding, drawn only from taxes the projects themselves generate, and that some phases revert to full city tax collection after a set period.
Open questions
- No consolidated public schedule of all outstanding rebate commitments and remaining balances has been published.
- Whether any agreement has performance triggers that have been missed is not established.
Sources (3)
- 1Hoover council OKs mixed-use center in Riverchase, $42 million in incentivesHoover Sun · Nov 20, 2023 · hooversun.com
- 2Hoover council OKs $23 million incentive package for Stadium Trace Village280 Living · Jul 13, 2026 · 280living.com
- 3Hoover City Council OKs extra $5 million in tax rebates for Stadium Trace VillageHoover Sun · Jul 28, 2026 · hooversun.com
Last checked July 29, 2026