Right now Hillsborough County is in talks with bringing a Bass Pro Shops to the Tampa/Brandon area with 15 million dollars worth of incentives including: "Hillsborough could break even on its $15 million investment by 2018, he said. Here's how the money might be paid out under the deal proposed last month:
The developer would get $1.5 million if the store is ready to be occupied by Dec. 31, 2014, provided the developer has invested $25 million in capital.
The developer would be reimbursed $8 million toward $10 million in required road projects, which include widening Falkenburg Road to six lanes.
The developer would get paid up to $550,000 a year for 10 years if the Bass store achieves gross annual sales of $55 million, one third of which must be proven in audits to come from non-Hillsborough residents."
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09-06-2012, 03:24 PM
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