Cabela’s Is Coming

It seems fortuitous that Kim du Toit wrote about his trip to Cabela’s today.  I had mentioned earlier that Cabela’s was planning to build a store near my house.  It now appears to be definite.

The popular outdoor retailer Cabela’s is expected to announce Friday that it will build megastores in Fort Worth and south of Austin, backed by local tax incentives and cash from the state, sources close to the deal said Wednesday.

In addition to the tax incentives that Cabela’s will receive from Fort Worth and is expected to get from the small town of Buda, the company will be awarded $600,000 from the Texas Enterprise Fund, the sources said.

Gov. Rick Perry and city and company officials are expected to hold a news conference Friday in Fort Worth to announce the Cabela’s store here. The store is planned for the northeast corner of Texas 170 and Interstate 35W. Hillwood Development Corp., the Perot family’s real estate company, owns the site and would sell it to Cabela’s.

Construction could begin as early as next month on the 200,000-square-foot store, expected to employ about 500 people and generate first-year sales of $67.5 million. It’s not clear how much the company will spend on the land and construction.

Kim mentioned that the store in Mitchell is about half the size of the Bass Pro in Grapevine.  The new Cabela’s will be on-par with Bass Pro, since according to the Tarrant Appraisal District Bass Pro is approximately 213,686 sq. ft.

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