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Council approves first reading of incentive package for Restaurant Depot store in Interpark

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Summary

Broomfield approved on first reading a business incentive agreement offering up to $1.1 million over five years to attract a 54,000-square-foot Restaurant Depot wholesale store, a project staff estimates will generate roughly $11.4 million in tax revenue over five years and create at least 50 jobs.

The City and County of Broomfield on April 8 approved on first reading an incentive agreement with Restaurant Depot LLC to support construction of a 54,000-square-foot wholesale food store west of Interlocken (West of Main between 100th and 112th Avenues). The agreement offers a performance-based reimbursement up to $1,100,000 over five years tied to sales and use tax receipts.

Economic Development…

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