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Durant council approves capped $215,000 rebate to help Ollie—s occupy former Clifton—s space
Summary
At a special meeting the Durant City Council approved a performance-based economic development agreement (Contract 2025-76) to incentivize Ollie—s Bargain Outlet to anchor the former Clifton—s Furniture building, with a rebate capped at $215,000 and conditions including construction and opening deadlines.
At a special meeting the Durant City Council approved an economic development agreement intended to bring Ollie—s Bargain Outlet into the former Clifton—s Furniture building and to stabilize the surrounding retail corridor.
Cathy Moore, the city—s economic developer who participated by Zoom, told the council that Ollie—s has offered to anchor the site and proposed a tenant-improvement package totaling roughly $1,400,000. "Ollie's Bargain Outlet is actively engaged and willing to anchor the site," Moore said. She said Ollie—s would contribute about $1,000,000 and the tenant/landlord would cover roughly $430,000; the city—s role would be a performance-based sales-tax rebate.
The agreement described in the meeting caps the rebate…
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