The Rome City Commission has postponed a decision on a $5.6 million tax incentive for a proposed 360-unit housing development near Mount Berry Mall.
RNG Investments, LLC, plans to build 240 apartments and 120 townhomes on 37.9 acres along Match Point Way, between the Armuchee Connector and Old Dalton Road.
City Manager Sammy Rich recommended tabling the request because some final development agreements and required documents have not been completed. He told commissioners the developer agreed to the delay.
The project is expected to bring additional residents and spending to the area, potentially benefiting nearby businesses and the Mount Berry Mall retail district.
The funding request falls under Tax Allocation District No. 3, which redirects a portion of new property tax revenue toward development costs.
Over seven years, the project is projected to generate approximately $6.46 million in additional property taxes. Of that amount, $5.6 million would go toward the development, while approximately $864,000 would remain with the city and Rome City Schools.
The commission is expected to reconsider the request at its next meeting.
