City considers proposal for outlet mall

Saturday, May 3rd 2008, 3:57 pm
By: News 9

Associated Press

The city council will consider a $7.8 million incentives package as part of a proposed $50 million factory outlet mall planned along Interstate 40 on the city's west side.

The Oklahoma City Council on Tuesday is expected to consider a package that would include tax rebates of $550,000 a year and $2.3 million for infrastructure.

Figures provided to the city estimate the outlet mall will result in 1,000 retail jobs, 700 temporary construction jobs, annual sales totaling $102 million and $3.9 million in annual sales taxes.

If the deal is approved, construction is set to start within 60 days with an opening by November 2009.