8/27/14 Update: $12.15 million building permit application for 80,030 square foot building at 1200 W. Memorial.

www.cabelas.com

As we've reported, Cabela's is very close to announcing it's first location in Oklahoma, most likely in the Chisholm Creek development at Memorial and Western -- same development as TopGolf.

It's official!!


It's True! Cabelas is coming to Chisholm Creek!

"Construction on the 80,000-square-foot store – Cabela’s first Oklahoma location – is scheduled to begin later this year and the company anticipates a fall 2015 opening. The store will be located in the newly planned Chisholm Creek development near the John Kilpatrick Turnpike at N. Western Avenue.

“Cabela’s couldn’t be more excited to announce our first Oklahoma location,” Millner said. “Customers across Oklahoma have been asking us to bring a Cabela’s store to the state for years and we look forward to bringing them the extraordinary Cabela’s experience.”

The store will employ approximately 180 full-time and part-time employees, with most coming from Oklahoma City and the surrounding area.

The building will be built in Cabela’s next-generation layout and feature a mountain replica, museum-quality wildlife displays, indoor archery range and archery teach room, deli, Gun Library, Fudge Shop and Bargain Cave. Additionally, it will offer a full-service boat shop and a comprehensive selection of Wildlife and Land Management products, including tractors, attachments and implements."



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There is an item on next week's Oklahoma City Economic Development Trust (OCEDT) agenda for substantial incentives:

Cabela’s Wholesale Inc, (“Cabela’s”) has been seeking to locate a Next Generation store of approximately 90,000 - 98,000 sf in the metropolitan area for more than a year. In an effort to support Cabela’s decision to locate within the city limits of Oklahoma City, City staff and the Alliance for Economic Development of Oklahoma City and Cabela’s have agreed to key business terms that will bring Cabela’s to Oklahoma City. The location has not been determined as Cabela’s is evaluating numerous locations within Oklahoma City.

Company Background
Cabela’s, known as the “World’s Foremost Outfitter” of hunting, fishing and outdoor gear was founded in 1961 and has grown to become a leading specialty destination retail operation with strategically placed stores throughout the United States and Canada. Cabela’s brand has grown to become one of the most well-known outdoor recreation brands in the world, making it a true destination retailer that offers an enjoyable and unique shopping experience including an open and attractive store design and other amenities that enhance the customer experience. It is estimated a new Oklahoma City store will attract 1,250,000-1,350,000 visitors annually with a trade area of 120 minutes.

Project Background
Cabela’s plans to invest approximately $10,000,000 or more for the construction and equipping of approximately 90,000 - 98,000 sf of commercial space. City staff believes a Cabela's will spur up to an additonal 500,000 sf of adjacent commercial and retail development in Oklahoma City. The new facility is anticipated to have approximately 100-120 employees and is expected to open by late 2015 or early 2016.

Economic Impact
Based on industry research, City staff projects Cabela’s will generate an estimated $40 - $50 million in annual sales, subject to Oklahoma sales taxes which will result in additional tax revenues for Oklahoma City. Therefore, based on the foregoing, Cabela’s will annually generate approximately $800,000 - $1,000,000 in City General Fund sales tax, $400,000 - $500,000 in MAPS3 sales tax, $300,000 - $375,000 in Public Safety sales tax and $50,000 - $62,500 in Zoo sales tax.

Recommended Incentive Amount: $3,500,000 It is recommended that a performance based incentive amount not to exceed $3,500,000 be provided to Cabela’s over a ten year period based on 1.2% of sales subject to sales tax based on the following:
• The current retail incentive policy promotes the development of new to market retailers and regional attractions
• Cabela’s is a regional draw with a trade area based on serving customers up to 120 minutes away or greater.
• Cabela’s will generate an estimated 1,250,000-1,350,000 visitors a year
• Cabela’s will attract shoppers from outside of the region, preventing/reducing retail sales leakages to surrounding communities
• City will receive related internet and catalog sales from local residents which will result in new sales taxes

Approval of the attached resolution authorizes the OCEDT General Manager or his designee to begin negotiations with Cabela's Wholesale Inc. for the development of an Economic Development Agreement for future consideration by OCEDT and the City Council.

Finally.

Awesome!

Score!!!

Is the Chisolm Creek area within OKC city limits? Or is that technically Edmond?

Is the Chisolm Creek area within OKC city limits? Or is that technically Edmond?

Well within the OKC city limits.

Aw, man, I was hoping this would go right next to Bass Pro. We need more product diversity in Bricktown. :-P

It's best not to believe the hype and rumors of Internet forums. :)

So Pete, what do you think the announcement at Chisolm Creek is going to be?

Very soon.

The incentives have to pass through OCEDT then City Council, then I think they will formally announce.

Aw, man, I was hoping this would go right next to Bass Pro. We need more product diversity in Bricktown. :-P

Bass Pro would be much better off out by the Outlet Shoppes. Cabela's will do well at Chisolm Creek.

Are there people who will go to Cabelas who would not go to Bass Pro? Is this worth an incentive? I would never go to either so I have no idea.

Bass Pro would be much better off out by the Outlet Shoppes. Cabela's will do well at Chisolm Creek.+1

From Steve


Cabela’s, an outdoor sporting goods company that competes with Bass Pro Shops, is seeking $3.5 million in tax rebates from Oklahoma City for a new store to be announced later this year.

The application is set to be introduced Tuesday at the Oklahoma City Economic Development Trust, with full presentations by company officials set for the trust’s June 17 meeting and to the Oklahoma City Council on July 1.

Cabela’s officials did not return calls from The Oklahoman on Friday. Brent Bryant, the city’s economic development manager, said the chain has yet to select a site for its Oklahoma City store. Bryant’s report on the application forecasts the store will generate $40 million to $50 million in annual sales.

“It’s a performance-based incentive, based on 1.2 percent of their sales,” Bryant said. “And at the end of the day, they get incentivized on their performance. If they hit a home run, they get paid sooner. It expands our sales tax base and it reduces the potential of sales tax leakage to areas outside the city.”

Cabela’s has 50 stores in the United States and is in the midst of an expansion that includes opening 11 stores this year and each year through 2017. The Nebraska retailer has reported double-digit percentage increases in sales over the past several years.

Last August, the chain opened two locations on the same day in the Denver metro, drawing an estimated 5,000 shoppers to each of the 110,000-square-foot megastores. Those locations feature archery ranges and restaurants, though it is unknown whether such attractions would be included in an Oklahoma City store.

- read more here: Cabela's seeks $3.5 million tax rebates for Oklahoma City store | News OK (http://newsok.com/cabelas-seeks-3.5-million-tax-rebates-for-oklahoma-city-store/article/4850487)

It's best not to believe the hype and rumors of Internet forums. :)Well, to be fair, I do believe Steve said Cabela's was looking like a possibility when asked about it a few chats back. I vaguely remember it, so I could be wrong. Obviously, OKCtalk was the first to break the story.

Are there people who will go to Cabelas who would not go to Bass Pro? Is this worth an incentive? I would never go to either so I have no idea.

Absolutely, it's like comparing Walmart to Target or REI to Academy. Bass Pro is the Walmart to sporting goods, cheaper brands, poor selection. Why our city "leaders" ever thought Bass Pro downtown was a good idea is beyond comprehension.

Are there people who will go to Cabelas who would not go to Bass Pro? Is this worth an incentive? I would never go to either so I have no idea.

Absolutely! Cabelas is head and shoulders over Bass Pro. We drive to Wichita, KS or to Ft. Worth or Allen, TX just to go to the stores. Love, love, love the clothes they sell. Bass Pro just doesn't hold a candle to Cabelas IMO. As for the incentive, since they gave one to BP, they ought to do the same for Cabelas. It's a major plus for OKC. Also, you ought to venture to it when it opens. While it will be smaller than the one in Ft. Worth--more on the line of the one in Wichita, I suspect--what they have there is always interesting. Many people think the store caters only to hunters, but that is not the case; they have a full range of outdoor-related items, as well as clothing and household items. The one in Ft. Worth has an incredible aquarium and taxidermy dioramas, but I don't know to what extent this smaller location would have, perhaps not quite so much, but even scaled down, it would be worth at least one visit. The one in Wichita still has interesting displays.

Absolutely, it's like comparing Walmart to Target or REI to Academy. Bass Pro is the Walmart to sporting goods, cheaper brands, poor selection. Why our city "leaders" ever thought Bass Pro downtown was a good idea is beyond comprehension.Seriously? I never thought as Bass Pro the Walmart of sporting goods. Really Academy would take that place since every store I've been in is just bland has nothing special. Bass Pro actually has really cool amenities like the pond, huge fish tank, and shooting range(fake guns) that add to the experience. Not saying it's nicer than Cabela's, but I certainly wouldn't compare it to Walmart practices.

Absolutely, it's like comparing Walmart to Target or REI to Academy. Bass Pro is the Walmart to sporting goods, cheaper brands, poor selection. Why our city "leaders" ever thought Bass Pro downtown was a good idea is beyond comprehension.

Wasn't that when they were trying to go the Branson direction for downtown development? Plus, Bass Pro is a huge hit with the average Oklahoman so I am sure they thought of it as a great way to get people downtown who wouldn't otherwise go. Personally I don't have as much of a problem with them being there as I do with the fact they allowed them to do their standard big box exurban format. Bass Pro is adaptable, they should have demanded a higher standard.

While I love shopping at Cabela's, I'm glad that we will have both. Gives one some options. Also I get some boots at Acadamy that are hard to find a Cabela's. I do like Cabela's for women's outdoor clothing. Would like Gander Mountain too. Loads of outdoor wear. I'm into paddle sports so more shopping choices the better.

It is about the same distance to Bass Pro at Stapleton and the Cabela's in Lone Tree, I choose to go to Cabela's every time. The only time that I go to Bass Pro is if I see something in the sales ad that I want. Gander Mountain is closer than either and I have pretty much quit going there since Cabela's opened. I wish we had Academy up here, there are some things they do better than any of the other places (including Sportsman's Warehouse, Dick's or Sports Authority) like stocking wide sizes in shoes. I pretty much have to go to a local big & tall store to find wide shoes and since I wear an 11W (on the bottom end of their sizes) and they don't stock many.

Are there people who will go to Cabelas who would not go to Bass Pro? Is this worth an incentive? I would never go to either so I have no idea.

I don't think Oklahoma and Oklahoma City have the range of outdoor options for both. Oklahoma does not have the variety of outdoor options, (mountains, rivers, hiking, deep sea fishing, skiing etc to warrant this expenditure for a second store of this type/

I don't think Oklahoma and Oklahoma City have the range of outdoor options for both. Oklahoma does not have the variety of outdoor options, (mountains, rivers, hiking, deep sea fishing, skiing etc to warrant this expenditure for a second store of this type/We do. There is much more to do in Oklahoma than most realize. There are so many hidden treasures in this state it's unreal, well pretty much like any other state. Most people never bother to venture off the highway and/or stay in their cities that so much is missed.

As reported, we are getting a Gander Mountain, Cabela's, and we have a Bass Pro. I think we're in good shape.

Academy is fine for team sports and some outdoors. Bass Pro and Cabela's for fishing/hunting outdoor clothing and camping. Cabela's is better for canoes/kayak stuff. Gander Mountain for clothing. Just my take. I would shop different store for different stuff. As far as stuff to do in Oklahoma, well team sports/golf, lots of places to float a boat/canoe/kayak. No swift water but hey, one can have fun on some flat water too. Also hunting/fishing. With the wild hog problems time for folks to take up another hunting sport. Ok its not for everyone. There is always the running shoes and places to go out and run.

I don't think Oklahoma and Oklahoma City have the range of outdoor options for both. Oklahoma does not have the variety of outdoor options, (mountains, rivers, hiking, deep sea fishing, skiing etc to warrant this expenditure for a second store of this type/

Oklahoma does have plenty, just not in the immediate OKC area. The state has among the most diverse range of outdoor recreation options in the country.

We do. There is much more to do in Oklahoma than most realize. There are so many hidden treasures in this state it's unreal, well pretty much like any other state. Most people never bother to venture off the highway and/or stay in their cities that so much is missed.

As reported, we are getting a Gander Mountain, Cabela's, and we have a Bass Pro. I think we're in good shape.
Yep, you have to get out of the city to find it. Considering that none of those stores carry anything for skiing/snowboarding that doesn't seem to be a market they are looking at, at least none of those stores carry in the Denver area carry any of those items other than base layer type of clothing which covers a whole lot of other activities. Every other activity (except the deep sea adjective) is readily available in Oklahoma. I know a bunch of people from the DFW area and some from the Houston area who head to Oklahoma and Arkansas for outdoor activities, some have bought properties in Southern and Eastern Oklahoma or Western Arkansas. Many prefer the lakes in Oklahoma for recreational opportunities over the Texas lakes.

Fishing? Lots of lakes in Oklahoma, Hiking? A bunch of Eastern and Southern Oklahoma has parks, mountains and forested areas for hiking and kayak/canoeing. The Wichita Mountains is a popular hiking/climbing destination. There is a lot of hunting statewide and that is a large market segment of all three of those stores, there is a whole lot of camo to be sold in Oklahoma. REI would be a bit of an outlier because they don't have the hunting and fishing market like the other stores and have a more limited product line in comparison.

Is this store w/ a 90K - 98K sf ? We should ask for the largest store of 110,000 sf ( Megastore w/ Archery & Restaurants ) and that it be the most ellaborate existing designs ( not watered down ) for the $3.5 M tax incentives.

...give the incentive, but make sure this is even more of a draw to OKC.

Welcome to OKC Cabela's !

I think all of these stores, while having many of the same offerings, can still offer their own niche. Academy and Dick's have a ton of crossover, but each do one or two areas way better than the other (Academy with outdoors, Dick's with golf/team sports). More options is ALWAYS better.

Keep in mind that Gander Mountain has already made public announcements about planning to come to OKC and I've heard from good sources REI is looking, too.

REI is the absolute bomb; almost a cult-like following. Their new CEO is from Stillwater and an OSU and OU Law grad.

All this stuff coming in is great, but when I still need the most technical stuff or ski gear, Sun & Ski on May gets my money.

There comes a point where a market becomes over saturated. Not saying that's a bad thing because we wouldn't have the higher end sporting good stores if the lower end sporting good stores haven't moved in first, but I doubt all these companies will still have the same number of stores here in the city 5 to 10 years from now. I'm looking over at Dicks and Academy in particular.

I highly doubt you'll see any Academy or Dick's close in the metro in 5 to 10 years. They offer two different experiences, and they're both successful businesses. It's actually a bit unfair to group these two in with the Cabelas/Bass Pro/Gander Mountain group.

Funny considering how coveted Dick's was before it got here. Not disagreeing; just pointing out how much we long for the things we don't have and take for granted the things we do.

Dick's stock price lost nearly 18% a few days ago and the entire sector followed for a while.

Dick's is great, it's a higher end place, great golf section, and seems to carry more options on the apparel side of things. Academy is great for hunting/fishing/camping (blows Dick's away here), and carries enough of the other stuff to capture that audience too. I shop at both (although I'm partial to Academy since their HQ is in my hometown)

There comes a point where a market becomes over saturated. Not saying that's a bad thing because we wouldn't have the higher end sporting good stores if the lower end sporting good stores haven't moved in first, but I doubt all these companies will still have the same number of stores here in the city 5 to 10 years from now. I'm looking over at Dicks and Academy in particular.Not really. I would't be surprised to see more of them. The city will grow.

Well every single bubble has people saying it will never end.

I will just say what at least one person says every single time. We will see. lol

There comes a point where a market becomes over saturated. Not saying that's a bad thing because we wouldn't have the higher end sporting good stores if the lower end sporting good stores haven't moved in first, but I doubt all these companies will still have the same number of stores here in the city 5 to 10 years from now. I'm looking over at Dicks and Academy in particular.

I don't see Academy or Dick's going anywhere as they both specialize in general sporting goods merchandise while Bass Pro and Cabela's are more outdoor stores.

Well every single bubble has people saying it will never end.

I will just say what at least one person says every single time. We will see. loli guess :P

I would love to see REI come here. It's one of those "Western" state legends I keep hearing about...along with In-N-Out and Trader Joes.

REI actually has a pretty well respected cycling department complete with their own brand as well as some major brands. I'm not sure that Academy and Dick's bicycles are much higher level than Wal-Mart & Target.

REI also offers a bunch of classes.

I took one on bike maintenance and it was fantastic.

Most of them book up within minutes of opening.

I would love to see REI come here. It's one of those "Western" state legends I keep hearing about...along with In-N-Out and Trader Joes.

REI actually has a pretty well respected cycling department complete with their own brand as well as some major brands. I'm not sure that Academy and Dick's bicycles are much higher level than Wal-Mart & Target.

REI is pretty popular in North Carolina. I don't think it's just a western chain.

I don't think Oklahoma and Oklahoma City have the range of outdoor options for both. Oklahoma does not have the variety of outdoor options, (mountains, rivers, hiking, deep sea fishing, skiing etc to warrant this expenditure for a second store of this type/

My goodness. Have to disagree.

REI also offers a bunch of classes.

I took one on bike maintenance and it was fantastic.

Most of them book up within minutes of opening.Wow... that's really nice! Do they have any outdoor survival classes? I've been looking for one around OKC, but couldn't find any. :/

As expected, the Economic Development Trust today authorized Cathy O'Connor to negotiate the incentives as previously outlined.

They asked her when she would be starting negotiations, and she laughed and said, "As soon as I'm authorized." The group then jokingly authorized her to leave the meeting soon if needed.


I believe the deal is done at Chisholm Creek, but the final incentive package will have to go back to the EDT for approval, then be forwarded to the City Council for the same.

So, we probably won't hear anything official until then, which may take a month or two.

Wow... that's really nice! Do they have any outdoor survival classes? I've been looking for one around OKC, but couldn't find any. :/

Yes:


Wilderness Survival: 3-Season Skills
Join REI Outdoor School for a wilderness survival class. We will provide practical tips and strategies that every outdoor traveler should know: emergency priorities; shelters; locating and accessing drinking water; and how to make your own emergency kit. You will also participate in interactive scenarios to practice and hone your skills.

They have tons of things like how to safely commute to work on your bike, how to backpack around Europe, hike ideas, etc.

They do a fantastic job and the classes are a great way to meet like-minded people.

Cabela's just misses the mark for my hobbies as does Bass Pro. I've got a current Cabela's gift card and had a past one I really have had a hard time spending with them online. Other online retailers, and locally Academy, OKC Kayak and Backwoods get my outdoor fun money. An REI would be great to have. West OKC please.

Bass Pro would be much better off out by the Outlet Shoppes.

C'mon. If Bass Pro were out there then where would people park for Thunder games?


Seriously though, I think offering incentives to get Cabela's publicly commit is the cost of doing business. If we lose Cabella's then other soft commits for Chisolm Creek may back out. Places like Cabella's and Top Golf are gonna be the big ones that get the other guys to commit to Chisolm Creek.

Cabela's received incentives from Lone Tree and Thornton for the two locations in the Denver metro.

I saw an REI in what looked like a former 6-70's era grocery store in Grand Junction today but then there is a lot of that type of outdoor activity in that area of Colorado and Eastern Utah.

REI is pretty popular in North Carolina. I don't think it's just a western chain.

It's just that I always hear about REI in the context of the activities (bicycling, Crossfit, Paleo diet) I read about and a great deal of this is centered in the Western third of the country so REI and Trader Joes automatically trigger "West Coast" in my brain. Just my perception based on being a life-long, land-locked Okie.

It's just that I always hear about REI in the context of the activities (bicycling, Crossfit, Paleo diet) I read about and a great deal of this is centered in the Western third of the country so REI and Trader Joes automatically trigger "West Coast" in my brain. Just my perception based on being a life-long, land-locked Okie.

REI is based in Washington and the large majority of it's stores are in the Western U.S.

In California alone there are 28.

Can you take dogs into Cabelas? I've only been when out of town so I didn't know. Sometimes that's half the reason I go to Bass Pro, just to walk the dog indoors.

It's official:

It's True! Cabelas is coming to Chisholm Creek!

"Construction on the 80,000-square-foot store – Cabela’s first Oklahoma location – is scheduled to begin later this year and the company anticipates a fall 2015 opening. The store will be located in the newly planned Chisholm Creek development near the John Kilpatrick Turnpike at N. Western Avenue.

“Cabela’s couldn’t be more excited to announce our first Oklahoma location,” Millner said. “Customers across Oklahoma have been asking us to bring a Cabela’s store to the state for years and we look forward to bringing them the extraordinary Cabela’s experience.”

The store will employ approximately 180 full-time and part-time employees, with most coming from Oklahoma City and the surrounding area.

The building will be built in Cabela’s next-generation layout and feature a mountain replica, museum-quality wildlife displays, indoor archery range and archery teach room, deli, Gun Library, Fudge Shop and Bargain Cave. Additionally, it will offer a full-service boat shop and a comprehensive selection of Wildlife and Land Management products, including tractors, attachments and implements."

Cabela's confirms store in northwest OKC | News OK (http://newsok.com/cabelas-confirms-store-in-northwest-okc/article/4881953)

I thought this is the appropriate thread instead of the Chisholm Creek Development.

Does this look like a company that needs a $3.5 million tax break to do business in Oklahoma City?


http://i.imgur.com/CFfmmPh.jpg

Nothing like contributing our tax dollars to the compensation of this executive team.

Zoo, Ed is in your corner:


Game for OKC: Cabela’s picks site; incentive deal could be worth $3.5M
By: Brian Brus The Journal Record June 4, 2014

OKLAHOMA CITY – Cabela’s Inc. has announced that it intends to build an outdoor sporting goods store in north Oklahoma City. The news came one week after the City Council granted permission to the Economic Development Trust to negotiate development incentives.

Councilman Ed Shadid said the timing suggests negotiations were well underway before the trust was given approval, and that the incentives amount to corporate blackmail.

However, Brent Bryant, the city’s economic development program manager, said the nature of such negotiations requires discussion ahead of public announcements – in this case, city officials had been talking with Cabela’s representatives for two to three months. The package still under consideration is worth about $3.5 million in tax benefits over two years, based on sales performance, he said.

Cabela’s spokesman Nathan Borowski said the sports retail chain has been interested in the Oklahoma City metropolitan market for several years. The intended site for an 80,000-square-foot store is near the John Kilpatrick Turnpike at N. Western Avenue in the Chisholm Creek development area. The company has already scheduled construction to begin this year, with a fall 2015 opening anticipated.

Borowski said that, because of market competition, he couldn’t discuss the incentives until after a final deal is reached.

Shadid said that if the company already sees so much value in Oklahoma City, incentives are unnecessary.

“They were coming here regardless, and you don’t incentivize what’s already going to happen,” Shadid said. “They’re saying, ‘We want to come to Oklahoma City. We will be successful and profitable. But if we don’t get $3.5 million from you, we might go to Yukon or some other municipality.’ That’s blackmail to keep us from losing sales tax.”

According to the accountability policy resource center GoodJobsFirst.org, the Nebraska-based retailer has received at least 16 government incentive packages since 1995 worth millions of dollars. Rogers, Minnesota, for example, arranged a $3.5 million tax credit/rebate and grant in 2005. Sidney, Nebraska, provided $188,000 in tax increment financing in 2011, while neighboring North Platte, Nebraska, provided the same amount to Cabela’s catalog operations.

“That’s the business model, and they’ll keep using it unless we take a stand and say, no,” Shadid said. “It’s the only way you stop a bully.”

Cathy O’Connor, president and CEO of the Alliance for Economic Development of Oklahoma City, said Cabela’s did not reveal any other potential development sites, but that it was always assumed the city was in direct competition with its metro neighbors.

Bryant said Cabela’s representatives addressed Oklahoma City officials with a site in mind only after lengthy market research of the metro area. He called the incentives a significant factor in choosing Oklahoma City.

“I’m happy that they’re coming to our city limits,” Bryant said. “It helps us expand our sales tax base, which helps us pay for public services.”

The company now operates 56 stores across North America and has announced plans to open an additional 21 over the next two years. In addition to Oklahoma City, this week Cabela’s announced plans to open stores in Huntsville, Alabama, and Woodbury, New York.

The Oklahoma City store will be built with design elements that include museum-quality wildlife displays, an indoor archery range, deli, fudge shop, and full-service boat shop. Inventory at the site will be weighted to reflect catalog sales from consumers in the market, Borowski said. The store will employ about 180 people.

Borowski said the next nearest Cabela’s shop is in Wichita, Kansas.

Shadid said he’s afraid the company will cannibalize sales from other sports retailers in the city rather than generate new sales by drawing consumers from farther away.

I understand the points of why offer the incentives. the answer is not complicated.
True, it would appear the store is coming to the metro anyway.
So the only remaining question is, does OKC want a Cabela's in OKC, or does OKC want a Cabela's in Norman, Moore, MWC, Yukon or Edmond.
I don't doubt for one second if OKC had said no, another nearby city would have stepped up, and then sent out thank you cards to OKC for making that decision.

The City has also been working on incentives for Costco.

When they decide to come to OKC, you can bet millions more will be paid out.

I know the Cabela's stores in Buda, Texas (South Austin) and Lone Tree and Thornton, Colorado (Denver) all have been built with incentives, I think the one on I-35W in North Texas was built with incentives as well. With large, destination type stores that is just a fact of life in the business climate of today.

Incentives will be paid back in year 1 and this is a huge sales tax generator. This is a no brainer.