Top Golf officials were in the room, but, as of right now, the development does not include the sports entertainment venue.
Waco: Council approves $5.3M in incentives for entertainment complex
https://www.kwtx.com/content/news/Waco--Council-approves-53M-in-incentives-for-entertainment-complex-512142201.html?utm_medium=social&utm_source=facebook_KWTX_News_10
WACO, Texas (KWTX) The Waco City Council voted Tuesday evening to approve $5.3 million in sales and property tax incentives for the development of a $15 million entertainment complex that could include a coveted Top Golf franchise.
The vote was unanimous with Mayor Kyle Deaver abstaining.
The Cottonwood Creek Market complex will be built on a 142-acre site off South New Road and the Interstate 35 frontage road.
Plano-based Cinemark Theatres confirmed in February it will build a new 14-screen theater in the development in the mixed use development, which will include retail, residential and office space and is expected to open by spring 2020.
The developer, NewQuest Properties, is promising a Dave & Buster's or Main Event-type place, too.
The mixed-use development has a total taxable value of $123 million, according to city documents that show with phase one and phase two of the project, which doesn't include Top Golf, the city will receive an estimated $3.3 million in the first ten years, then an estimated $1.9 million per year after that.
Waco: Council approves $5.3M in incentives for entertainment complex
https://www.kwtx.com/content/news/Waco--Council-approves-53M-in-incentives-for-entertainment-complex-512142201.html?utm_medium=social&utm_source=facebook_KWTX_News_10
WACO, Texas (KWTX) The Waco City Council voted Tuesday evening to approve $5.3 million in sales and property tax incentives for the development of a $15 million entertainment complex that could include a coveted Top Golf franchise.
The vote was unanimous with Mayor Kyle Deaver abstaining.
The Cottonwood Creek Market complex will be built on a 142-acre site off South New Road and the Interstate 35 frontage road.
Plano-based Cinemark Theatres confirmed in February it will build a new 14-screen theater in the development in the mixed use development, which will include retail, residential and office space and is expected to open by spring 2020.
The developer, NewQuest Properties, is promising a Dave & Buster's or Main Event-type place, too.
The mixed-use development has a total taxable value of $123 million, according to city documents that show with phase one and phase two of the project, which doesn't include Top Golf, the city will receive an estimated $3.3 million in the first ten years, then an estimated $1.9 million per year after that.