OKC Giving 3.5M to Cabelas, Fair to Other Retailers?

[cvrx4]

If OKC didnt do it. Moore or Norman or Yukon would have...its the nature of the beast. One of the local channels ran a story on this. The spokesman for Moore was quoted as saying they would have given a larger one.

 

[FamousAJ]

Is it "Fair to Other Retailers?"
Really? Is it "Fair"?
Sounds like somebody doesn't like capitalism.

said every .22lr shopper since 2013

 

[BMPregler]

Just like I tell my girls when they say "that's not fair". A fair is a place you go to ride rides and eat cotton candy.

 

[Defnestor]

Thankfully, less than 30% of that money will be donated to the reelection coffers of the city officials who worked to make this happen.

 

[Blinocac200sx]

Is it "Fair to Other Retailers?"
Really? Is it "Fair"?
Sounds like somebody doesn't like capitalism.

Which capitalism are you referring to? Socialist, Communist, Free Market, or Crony?

 

[Hobbes]

Done Deal!

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A longtime local businessman Tuesday welcomed the competition from Oklahoma City’s newest outdoors store while, in so many words, reminding city council members whose horse they rode in on.

Nebraska-based Cabela’s plans to open a showroom late next year in northwest Oklahoma City after winning up to $3.5 million in taxpayer incentives with city council approval Tuesday morning.

Based on projections of $36 million in annual sales, the sales tax rebates would be paid over eight years at a rate of $432,000 per year.

Cabela’s is building a $10 million, 80,000-square-foot “Next Generation” showroom in Chisholm Creek, at Western Avenue and the Kilpatrick Turnpike.

Tom Adams is general manager of Backwoods, the outfitter with a store at N May Avenue and NW 122 Street, about two miles from Chisholm Creek.

Adams said Cabela’s arrival would promote outdoor activities and prompt Backwoods “to step up our game.”

But he also said Backwoods — by sponsoring activities such as trail and shoreline cleanups — has helped build Oklahoma City’s outdoors community.

“Don’t forget about the guys who’ve been here in Oklahoma City doing the outdoors thing for 40 years,” he said. “We’ve been a valued part of this community.”

http://newsok.com/sales-tax-rebate-...oved-by-oklahoma-city-council/article/4984480

 

[Old Fart]

Hey it's just the taxpayer's money. No bidg deal.

 

[JD8]

OKC used to be the model for other OK cities on stimulating growth, now it's quite the opposite. Big box stores and chain restaurants aren't the way to go IMO.

 

[criticalbass]

I wish someone would offer a big incentive for Sportsman's Warehouse to come back

The city gave big breaks to BP for them to build in brick town and BP gets very little of my money. They are very over priced. Same will likely go for Cabelas. My prediction is H and H and the other local sporting goods stores will continue to do just fine.

You bet!