The City of Durant has backed off on offering a tax incentive for a retail shopping center.
In an announcement Wednesday afternoon, City Manager Tim Rundel said that town hall meetings on the tax incentive for the proposed shopping center development at 21st and Main have been canceled because the tax incentive will not be on the city council agenda.
“The retail incentive agreement/sales tax rebate was tabled at the April 11 meeting and will not be on the May council meeting agenda,” Rundel said, in a memo. “There is no future date set to review or revisit any retail incentives for proposed shopping centers.”
The proposal was for a tax incentive for Provident Realty to build an Albertson’s grocery store along with two out parcels for potential new restaurants at the former location of the Hoyte dealership.
The proposed Retail Incentive Agreement was based upon a sales tax rebate over an 8-year term with a cap of $3,000,000 (whichever comes first).
Many citizens questioned whether the city should provide tax incentives to new businesses that will be in competition with existing businesses. During a recent city council meeting, Randy Sullivan, owner of Green Spray and Save-A-Lot, spoke out against the incentive.
Oden Grube, who was recently elected to the council, has said she was against the incentive.
She is pleased that the city is no longer pursuing the incentive. She praised citizens who contacted council members to express their concerns.
“The citizens spoke loud and clear, that this was not something they wanted,” Grube said, on her Facebook page. “Thank you to all who expressed your concerns by letting your council members know how you felt. Now, we can move on and solve other issues faced by our city.”
From staff reports.