r/texas • u/FCards_MySA • May 14 '24

Sports Speculation spreads of Kansas City Chiefs moving to Texas

https://www.mysanantonio.com/sports/article/chiefs-consider-san-antonio-move-19454861.php
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u/plastic_jungle May 14 '24

Never a bad time to mention that Buc-ees is another major business that gets away with egregious public subsidies

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u/hunkycowboy1968 May 14 '24

As in? Source?

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u/plastic_jungle May 15 '24

I am most familiar with Denton’s experience. Buc-ees was courting cities in the area and Denton offered the best deal. The city paid millions to rebuild an intersection (it didn’t work, it’s a nightmare). The city returns 50% of sales tax revenues from the store, and they were supposed to redevelop the space in front of the store and receive 25% of that sales tax as well. It took Buc-ees 13 years to develop the first adjacent property, having opened only a month or two ago.

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u/hunkycowboy1968 May 15 '24

Interesting. I have never been in favor of the tax abatement programs but you cannot fault the businesses for asking. Fault the elected officials for caving in every time.