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Council approves up to $8 million incentive package for Scheels; debate centers on pay‑for‑performance terms and public cost
Summary
The council authorized staff to negotiate an incentive package of up to $8 million over 10 years for Scheels, contingent on performance metrics to be included in a later contract.
The Oklahoma City Council voted to advance a negotiated economic development agreement to attract Scheels, a large employee‑owned sporting‑goods retailer, to the city, authorizing staff to negotiate terms tied to performance metrics and a ten‑year cap of up to $8 million.
Kenny Soodel of the Alliance for Economic Development told council the proposed package would be structured on a pay‑for‑performance model with a maximum $8 million over 10 years and an annual…
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