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20 year Tax Incentives that landed Buc-ee's in Ruston.
Posted on 1/27/23 at 7:38 am
Posted on 1/27/23 at 7:38 am
quote:
Buc-ee’s received incentives from the City of Ruston, Lincoln Parish Police Jury, School Board, and Sheriff’s Office to open the 53,000-square foot travel center at the intersection of Interstate-20 and Tarbutton Road.
quote:
The city will reimburse Buc-ee’s its portion of sales and property tax revenue for 20 years. West says even with the incentives, Ruston will still make money.
quote:
The Lincoln Parish Police Jury and Lincoln Parish School Board will also return their portion of sales tax revenue for two decades, while the Lincoln Parish Sheriff’s Office will return their share of Buc-ee’s property tax.
Kudos to Ruston and their other parish government entities for landing the 1st Buc-ee's in the state.
LINK
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Posted on 1/27/23 at 7:40 am to boudinman
Have they broken ground yet? There’s still time to frick this up Louisiana style.
Posted on 1/27/23 at 7:40 am to boudinman
Shows that north Louisiana is basically Yankees now since they’re rolling over for a carpetbagger yankee Texas gas station
Posted on 1/27/23 at 7:42 am to boudinman
This post was edited on 1/27/23 at 9:08 am
Posted on 1/27/23 at 7:42 am to TigerOnTheMountain
Nah, not in Ruston. That small town has more money in it than most towns in LA. They’ll do it right. It’s a great location along I-20 and will make a damn fortune. Good for them.
Posted on 1/27/23 at 7:46 am to el Gaucho
quote:
Arch "Beaver" Aplin III has made Buc-ee's a freeway phenomenon across much of the South since opening his first store in Texas in 1982, but his dream for the travel centers that today generate a fanatic following was born in the tiny Louisiana village of Harrisonburg in Catahoula Parish.
Buc-ee's is just finally coming home to Louisiana that birthed the franchise baw.
LINK
Posted on 1/27/23 at 7:50 am to boudinman
quote:
return their portion of sales tax revenue for two decades
How does this work? Sales tax is a collected liablity, its not something that costs any business anything? So they are literally paying Buccees their sales tax revenue to be there? Is that the general idea?
Posted on 1/27/23 at 7:53 am to baldona
Yes
Posted on 1/27/23 at 8:00 am to baldona
quote:
How does this work? Sales tax is a collected liablity, it’s not something that costs any business anything? So they are literally paying Buccees their sales tax revenue to be there? Is that the general idea?
It reads to me like they will refund the portion of sales tax collected that goes to the city.
If all sales tax and property tax is being refunded, what’s the source of revenue that leads to
quote:
West says even with the incentives, Ruston will still make money.
I suppose local businesses might sell their products through Buc-ees and new customers who might not otherwise make these purchases will now impulse buy at Buc-ees?
Maybe the city’s vehicle fleet will be charged less for gas at Buc-ees?
Posted on 1/27/23 at 8:01 am to boudinman
Do other gas stations get the same handout?
Posted on 1/27/23 at 8:02 am to boudinman
More importantly so decent wage paying jobs for that area.
Posted on 1/27/23 at 8:05 am to boudinman
Bucees is basically walmart with fast food and gas. It was cool the first couple times I went.
Posted on 1/27/23 at 8:06 am to boudinman
All the commiefornia libs moving into north Louisiana is why y’all got the buckys baw
Posted on 1/27/23 at 8:06 am to boudinman
Place will look like a Stuckeys in 20 years.
Posted on 1/27/23 at 8:06 am to Huey Lewis
Imagine being the owner of a gas station at that or the next exit and paying all your taxes. Might as well close up shop the day Buc-ees opens.
Posted on 1/27/23 at 8:10 am to crewdepoo
quote:
Bucees is basically walmart with fast food and gas. It was cool the first couple times I went.
I dunno, some of their beef jerkey is legit. also may have to take out a loan to buy it
This post was edited on 1/27/23 at 8:10 am
Posted on 1/27/23 at 8:19 am to Huey Lewis
quote:
Do other gas stations get the same handout?
Sure, if they employ 200 people starting at $17/hr, and spend tens of millions on their construction.
Posted on 1/27/23 at 8:20 am to jbgleason
quote:
Imagine being the owner of a gas station at that or the next exit and paying all your taxes. Might as well close up shop the day Buc-ees opens.
Or since Buc-ees isn't opening up for 2 years, they could use that time to revamp their store, create their own brand/style, and try to compete. There's a small chain of a handful of stations in Monroe/West Monroe called Daily Press that does that. It's not a massive store like Buc-ees, but they serve hot sandwiches, burgers, and soups as well as good coffee. I'm not saying Daily Press can compete with Buc-ees, but I think they fill a niche that Buc-ees does not.
Posted on 1/27/23 at 8:20 am to Willie Stroker
quote:
If all sales tax and property tax is being refunded, what’s the source of revenue that leads to
Interest rates from the bank for that year of no doubt millions of dollars
Posted on 1/27/23 at 8:22 am to boudinman
Are they going to give the other gas stations in town similar incentives?
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