By Gordon Anderson | gordon@rantnc.com

A rumor regarding a large scale commercial development at Riverbirch Corner on Spring Lane spilled into the open Monday before the Lee County Board of Commissioners.

Lee County Republican Party Chairman Jim Womack spoke to the board and addressed “rumors which are abounding in Lee County about some kind of anchor store which is going to be coming in the Riverbirch area off of Spring Lane.”

Womack’s purpose for bringing up the rumor was to log an objection to the use of taxpayer funds to entice the unnamed company to locate in Sanford.

“The rumor is there’s about $10 or $11 million of local tax dollars that are going to be committed to making this retail store a viability in Lee County,” he said. “There’s no way it’s an appropriate use of tax dollars, to help a retailer become viable for a business model. The truth is, if that retailer is going to come here, they’re going to come here with or without a targeted financial incentive.”

There has been no public discussion of any incentive or grant to any retailer that The Rant is aware of, but Womack’s concerns were followed by another speaker who seemed supportive of the idea that a retailer could theoretically qualify for public assistance in setting up shop locally.

Bob Joyce, a former economic developer for the Sanford Area Growth Alliance, said he agreed in principle that he’d rather not have economic incentives at all, but argued that “it would be foolish for us to unilaterally disarm and not offer incentives for certain projects.”

“We have over 500 communities in the United States that are our size, and all of them are using incentives in some form to attract businesses,” he continued. “Generally, we have not incentivized retail, but for special, one-off projects, other communities have done this. And I would say we could take a look at many examples, even in the state of North Carolina, for these large cap investments that have the potential to increase very significantly our sales tax revenue. Also, these big box retailers help us attract more families to our community.”

Little else was said about the topic at the meeting, although the commissioners did add to the agenda a closed session “to discuss matters relating to the location or expansion of a business.” It’s unclear whether that closed session was related to the comments made by Womack and Joyce.

As for Riverbirch, the property has been the subject of speculation since its sale to Ohio-based developer Casto in 2022. Casto owns dozens of shopping center properties across the nation, many of which are anchored by large retailers like Kroger, Target, Kohl.s, Stein Mart, and others. Casto submitted a plan to the Sanford-Lee County Planning Department’s Technical Review Committee in August 2023 that would have seen the shopping center almost totally demolished and replaced with a mix of new retail, office space, recreational areas, and even multi-family housing.

The status of that proposal remains unclear, and TRC approval of a given project doesn’t guarantee it will or won’t be undertaken, only that the proposal falls under compliance with local planning regulations. Since its purchase of Riverbirch, Casto has consistently declined to comment about its specific plans for the property.