Published 9:43 am Monday, July 13, 2009
By By MaryClaire Foster
With the opening of the first two businesses and three more under contract, the City of Atmore is beginning to see a boost in revenue from its Rivercane development.
In the most recent Industrial Development Board meeting, the first tax revenue from the Holiday Inn Express was announced totaling $7,916 for the month of May.
According to Ed Har with Paradigm Investment Group, the Atmore Hardee’s franchisee, the location at Rivercane is the best performing store out of 6 opened in 18 months.
Har said the restaurant has already seen sales “well north of $100,000.”
Har attributed the restaurant’s success to both the restaurant’s own business practices as well as its location.
Har did acknowledge high performances from newly opened stores, but said they do not look for there to be a large decrease in performance.
The continuing development at Rivercane may soon include three more hotels, according to Rivercane Project Development Manager Joe Webb.
Hampton Inn and Suites is the first and only definite new hotel to be located at Rivercane.
The other two developments are both under contract.
Shell said he is pleased with the progress of Rivercane and looks forward to its continued success.