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Del City approves sales-tax rebate to bring Boot Barn, caps incentive at $400,000
Summary
The Del City Council approved a six-year sales-tax rebate agreement with LS2 Land Company LLC to incentivize a Boot Barn store; the rebate is 1.35% of Boot Barn–generated sales tax and the aggregate rebate is capped at $400,000. Seward Investment representatives spoke in support.
The Del City Council voted to enter into a sales-tax rebate agreement with LS2 Land Company LLC to attract Boot Barn to a Del City shopping center.
City staff described the incentive as a six-year agreement providing 1.35% of sales tax generated specifically by Boot Barn, with an aggregate cap on rebates of $400,000. City staff said the rebate applies only to the new sales tax generated by…
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