A recently announced planned Bass Pro Shops and mixed-use development could bring millions of dollars in new taxable sales and spur additional development in midtown College Station, as city officials outlined proposed agreements and incentives Sept. 10.
The overview: As previously reported by Community Impact, Bass Pro Shops' 20th location was announced at the Aug. 27 meeting by College Station Mayor John Nichols. The city also sold 14 acres to the Corinth Group for mixed-use retail, restaurants and events.
Breaking it down: City officials said Bass Pro guaranteed $20 million in locally taxable sales from the facility. In return, it asked for a 60% tax abatement for 10 years.
The city is expected to receive $10.9 million from the land sale.
Going forward: The council is set to formally review and take action on the agreements on Sept. 24. Afterward, Bass Pro and the Corinth Group will then have 180 days to review the terms and elect to agree or disagree.