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Nacogdoches council approves Chapter 380 deal to reopen ICON Cinema
Summary
The council unanimously approved a Chapter 380 economic development agreement to support ICON Cinema’s renovation of the former AMC site at 3801 North Street, authorizing a 10-year sliding-scale sales-tax rebate and up to $50,000 for ADA and fire-alarm upgrades.
The Nacogdoches City Council on May 20 approved a Chapter 380 economic development agreement to support renovation of the former AMC theater at 3801 North Street into an ICON Cinema location. The resolution passed unanimously after staff and company representatives described the planned investment and job creation.
City attorney Jerry Baker told the council the agreement uses Chapter 380 of the Texas Local Government Code to allow limited public incentives for local economic development and said the proposal sets standard developer requirements and…
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