ROUND ROCK, Texas (KXAN) - Outdoor enthusiasts in Central Texas will soon have a new place to load up on supplies.
The City of Round Rock announced Friday that Bass Pro Shops will open a new store in 2015 in the city. The 104,000-square-foot outdoors store will open near the Round Rock Premium Outlets and IKEA.
The Round Rock City Council will vote on a performance-based incentive agreement, tied to sales tax generation, at its Aug. 22 meeting.
“Bass Pro Shops is an amazing addition to our retail mix,” City Manager Steve Norwood said. “It will create jobs, add to our property tax base from day one, and generate sales tax revenue that will help keep our property tax rate among the lowest in the state and help pay for major transportation improvements in Round Rock.”
Both IKEA and the Round Rock Premium Outlets received incentives from the city when they moved in. The city says agreements with each of those entities have since expired, with both companies meeting their obligations.
The 10-year agreement for Bass Pro Shops is modeled on the agreement Round Rock struck with IKEA in 2006. It is worth up to $4.5 million, and includes $500,000 in reimbursements for site improvements.
The economic program payments will be based solely on a portion of the sales tax revenue actually generated by Bass Pro Shops, the city says. Payments may not exceed $500,000 in any given year and no property tax abatements are included in the agreement.
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