By Thomas Sellers Jr.
This summer the Millington Industrial Development Board, The City of Millington, Shelby County and GMR Millington Farms, a general partnership subsidiary of Ryan Commercial Properties were on hand the groundbreaking of The Shops at Millington Farms.
According to an economic impact study by Younger Associates, “the construction of 125,000 square feet of retail property will have a one-time economic impact of more than $36.8 million dollars on the Shelby County economy and will generate about $368,201 ($165,960 in sales tax for the City and $114,895 in sales tax for the county with an additional $87,346 from other local tax revenues…When retail operations are at full projected sales volumes, the annual local sales tax revenue generated is projected to be over $808,143. The retail operations will support a total of 484 direct and indirect jobs. The wages paid to these jobs will generate $928,726 in new local tax revenues annually.”
There are 7 other stores projected in the shopping center in Millington like Ross, Rack Room Shoes, Rue 21 and more.
The building permit valued at nearly $600,000 was filed back in April at 8544 Highway 51 North with one of the tenant Buffalo Wild Wings.
The Millington location will join other area locations at the Wolfchase Center in Memphis, Hacks Cross Retail Center in Southaven/Olive Branch, Miss.