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The Water Cooler
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OKC Giving 3.5M to Cabelas, Fair to Other Retailers?
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<blockquote data-quote="Hobbes" data-source="post: 2563364" data-attributes="member: 3371"><p>Done Deal!</p><hr /><p></p><p></p><p></p><p>A longtime local businessman Tuesday welcomed the competition from Oklahoma Citys newest outdoors store while, in so many words, reminding city council members whose horse they rode in on.</p><p></p><p>Nebraska-based Cabelas 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.</p><p></p><p>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.</p><p></p><p>Cabelas is building a $10 million, 80,000-square-foot Next Generation showroom in Chisholm Creek, at Western Avenue and the Kilpatrick Turnpike.</p><p></p><p>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.</p><p></p><p>Adams said Cabelas arrival would promote outdoor activities and prompt Backwoods to step up our game.</p><p></p><p>But he also said Backwoods by sponsoring activities such as trail and shoreline cleanups has helped build Oklahoma Citys outdoors community.</p><p></p><p>Dont forget about the guys whove been here in Oklahoma City doing the outdoors thing for 40 years, he said. Weve been a valued part of this community.</p><p></p><p><a href="http://newsok.com/sales-tax-rebate-for-new-cabelas-store-approved-by-oklahoma-city-council/article/4984480" target="_blank">http://newsok.com/sales-tax-rebate-for-new-cabelas-store-approved-by-oklahoma-city-council/article/4984480</a></p></blockquote><p></p>
[QUOTE="Hobbes, post: 2563364, member: 3371"] Done Deal! [HR][/HR] A longtime local businessman Tuesday welcomed the competition from Oklahoma Citys newest outdoors store while, in so many words, reminding city council members whose horse they rode in on. Nebraska-based Cabelas 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. Cabelas 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 Cabelas 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 Citys outdoors community. Dont forget about the guys whove been here in Oklahoma City doing the outdoors thing for 40 years, he said. Weve been a valued part of this community. [url]http://newsok.com/sales-tax-rebate-for-new-cabelas-store-approved-by-oklahoma-city-council/article/4984480[/url] [/QUOTE]
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