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Economic Development Corporation · October 26, 2026
Lavon EDC Backs $17M Grocery Deal With $750K Incentive
Lavon’s years-long push for a grocery store took a major step forward Oct. 26 when the Economic Development Corporation unanimously approved its part of a Chapter 380 agreement tied to a grocery store and fueling station at the Shops of Elevon. The project was presented as an investment of more than $17 million on roughly 17.05 acres southeast of State Highway 78 and Elevon Parkway. The agreement had already received City Council approval before reaching the EDC. What remains hidden, for now, is the name residents are most likely waiting for: officials said the grocery brand could not yet be publicly disclosed.
Lavon Is Putting Up To $750,000 Behind The Grocery Project
The incentive is split into two pieces rather than one upfront payment. The EDC would provide a $500,000 grant after construction begins, tying the largest portion of the incentive to the project actually moving into the building stage. Another piece would come from future business generated by the store. For up to 10 years, the agreement provides for 100% of qualifying sales-tax revenue from the grocery store to be returned to the project, with that portion capped at $250,000. That puts the total potential incentive at $750,000, but the entire amount is not simply paid on approval. The construction milestone controls the first $500,000, while the remaining money depends on sales-tax performance after the store opens. Board members briefly questioned how the funding worked before the vote, with discussion emphasizing that the store would have to perform under the agreement. A motion was then made and seconded, and the EDC approved the deal unanimously.
The Store Would Anchor A Much Larger Retail Area
The grocery store was described as approximately 56,000 square feet and expected to support about 100 employees. Officials also discussed roughly 20,000 square feet attached to the grocery portion of the development, adding more commercial space around what would become the project’s primary anchor. The bigger strategy extends beyond getting a supermarket. Officials described additional retail along Elevon Parkway and said landing the grocery anchor could accelerate development of those surrounding spaces by making the area more attractive to other businesses. In that sense, the EDC is betting on the grocery store as a catalyst. The $17 million-plus investment would establish the largest piece first, while the customer traffic created by a grocery anchor could help support restaurants, shops and other commercial tenants around it. Those additional tenants were discussed as part of the development opportunity, not as specific businesses announced during the meeting. |
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