Huntsville expects to pull in at least $8.4 million a year in revenue from the North Village Town Center development.

That includes $2.3 million annually in property taxes for land sold to the developers of Home Depot, Super Target and Express Oil Change at the $240 million development at the North Memorial Parkway-Bob Wade Lane (Northern Bypass) intersection.

About $1.1 million of that revenue will go to Huntsville City Schools, City Director of Urban and Economic Development Shane Davis told the Huntsville City Council last week.

The city expects to pull in another $6.1 million in sales tax revenue generated by the development’s businesses. The retailers are expected to draw not only shoppers from north Huntsville, but also from Meridianville, Hazel Green and other northern Madison

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