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Durant council approves incentive package to attract Ollie’s Bargain Outlet to former Clifton’s building
Summary
The Durant City Council approved a performance-based economic development agreement with IE Durant LLC to help renovate the former Clifton’s Furniture site and anchor it with Ollie’s Bargain Outlet; the rebate is capped at $215,000 and the council voted unanimously.
Durant — The Durant City Council unanimously approved an economic-development agreement to incentivize renovations at the former Clifton’s Furniture building and secure Ollie’s Bargain Outlet as an anchor tenant.
Cathy Moore, the city’s economic developer appearing by Zoom, told the council the 34,000-square-foot former Clifton’s space has been marketed for about 20 months and that multiple national retailers explored deals but withdrew because the building’s configuration and required improvements made projects unworkable. “So what we have today is Ollie’s Bargain Outlet is actively engaged and willing to anchor the site,” Moore said, describing a proposed tenant-improvement budget of roughly…
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