Hoover staff and Broad Metro outline Phase 2–3 plan for Stadium Trace Village; city staff recommends limited $4 million upfront contribution

City staff and developer Broad Metro presented a multi-hour overview June 22 of the proposed Stadium Trace Village phases two and three, emphasizing infrastructure, environmental remediation and a financing structure that city staff said would protect public dollars while unlocking private investment.

Dr. Lopez and city staff opened the presentation by summarizing seven years of phase-one data, saying the existing development draws roughly 3.5 million visits a year and has produced cumulative sales and property-tax gains the city and Hoover City Schools have already realized. Staff said they ran independent models to validate the developer’s projections and planned further technical briefings for council members.

Jim Massengale, director of development for Broad Metro, summarized the phase-two vision as a mixed-use expansion that would add medical facilities, hospitality, entertainment, retail and public parkland called the Village Green. “We’re here tonight to discuss the proposed development agreement for Stadium Trace Village phase two,” Massengale said, outlining intended amenities including a performance lawn, expanded retail, senior housing and an entertainment venue called Chasing Aces.

Consultants reviewed two major technical constraints. Mark Simpson of Walter Schoel Engineering described Scout Creek’s watershed and sediment transport and proposed an on-site stormwater system with multiple ponds and treatment basins to reduce downstream sediment loads. He said routing off-site and on-site flows through five new stormwater ponds should reduce downstream flows and sedimentation across a range of storms (a 23%–50% reduction in modeled peak flows for larger events, his team reported).

Traffic consultant Daryl Skipper of Skipper Consulting summarized traffic modeling tied to planned roadway work: rebuilding the three-way stop into a roundabout in Stadium Trace, extending Peridot Place to align with Brocks Cove/Brock’s Gap, and coordinating with a planned Shades Crest interchange at I-459. Skipper said the regional interchange is expected to redistribute peak traffic and that city and DOT approvals and right-of-way work are part of the projected schedule.

City staff presented a proposed financing package that differs from phase one. The staff presentation described a negotiated cap on shared revenues with a 20-year term and a one-time recommended city pre-infrastructure contribution of $4 million. Staff said the $4 million would be disbursed only after property closing and circuit-court validation and would be paired with milestone-based recapture provisions: land-disturbance permitting and substantial completion of the stormwater remediation within defined timeframes, with the city able to withhold or reclaim funds if milestones are not met.

City staff estimated the developer would invest more than $200 million across phase two and three and that public returns (taxes retained by the city and schools) could be in the tens of millions over 20 years. Staff also said federal mine-reclamation grants (approximately $5.8 million awarded so far) and other external funds would help offset remediation costs but that private costs for mine reclamation could range substantially higher depending on how many subsurface voids require grouting or undercutting. The staff presentation cited geotechnical borings that identified voids as deep as about 72 feet in places and explained those remediation costs are part of the shovel‑ready lift before vertical construction.

Presenters stressed conditions and protections for the city: the pre-infrastructure payment would be capped as part of a broader incentive cap; ad valorem value increases would be retained 100% by local taxing entities (the presentation said schools would receive the lion’s share of new property-tax revenue); and the agreement includes graduated recapture provisions tied to explicit construction and remediation milestones.

Council members asked detailed timing and alignment questions—when roundabout work and roadway extensions would begin, how Peridot Place will tie into Brock’s Cove, what constitutes substantial completion for stormwater work, and how phases two and three differ (phase three includes roughly 65 acres with mixed high-end residential or assisted-living options and an outparcel potentially for a hotel). Presenters said the roundabout work for phase one is targeted to begin in the first quarter of 2027, Peridot Place will align with Brock’s Cove, and the city will retain contractual recourse if developers miss the schedule milestones.

The presentation closed with staff offering to post detailed slides and raw calculations online and to meet individually with council members for follow-up. Council set formal public hearings on the development agreement and related items for July 13.

What happens next: council members will continue review; the city will post the presentations online for public review; the development agreement and planned-unit-district zoning items will return for formal consideration and public hearing on July 13.