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Mount Pleasant council and Titus County discuss Chapter 380/381 incentives to attract 50,000‑sq‑ft anchor retailer
Summary
City and county officials reviewed proposed Chapter 380 (city) and Chapter 381 (county) agreements to support a 50,000+ square‑foot sporting‑goods anchor at Anderson Town Crossing, including performance benchmarks, a proposed 95% sales‑tax rebate schedule and projected first‑year sales of $13 million. No vote was taken at the workshop.
Officials from the City of Mount Pleasant and Titus County on Wednesday outlined proposed Chapter 380 and 381 economic‑development agreements intended to bring a 50,000‑square‑foot anchor retail tenant to Anderson Town Crossing, saying the deals are performance‑based and require no upfront city or county general‑fund payments.
The presentation, led by a city official and developer Jason Claunch of Catalyst Commercial, described the tenant as a Texas‑based sporting‑goods/outdoor retailer that would invest an estimated $11–12 million in building, parking and site infrastructure, create about 50–60 full‑time jobs within 36 months and is projected to generate roughly $13 million in sales in its first year. Claunch said the store’s presence would catalyze additional tenant interest for seven planned pad sites at the development.
City staff said the proposed Chapter 380 agreement would rebate 95% of the city‑portion of sales tax generated by the anchor to the developer for up to 15 years or until…
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