The City Council approved the Greenwich & K-96 CID on March 8, 2011 to facilitate the construction of infrastructure, site improvements, parking and landscaping costs associated with the construction of a Cabela's store. 1% of the additional sales tax will be used to reimburse a portion of the costs associated with the Cabela's site while the additional .2% sales tax is intended to contribute to the cost of a possible interchange improvement at K-96 and Greenwich. CID sales tax will be collected for up to 22 years or until a maximum amount of $17,198,360 is collected. Cabela's opened in the spring of 2012.
Location: Southwest corner of Highway K-96 and Greenwich Road, in the Regency Lakes Shopping Center
Use: Parking and site improvements related to construction of Cabela's and possible construction of an interchange at K-96
Term: 22 years
Active date of tax: July 2012
Expiration: July 2034
Maximum Reimbursement: $17,198,360