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Started By
Message
re: 20 year Tax Incentives that landed Buc-ee's in Ruston.
Posted on 1/29/23 at 1:03 am to PaperTiger
Posted on 1/29/23 at 1:03 am to PaperTiger
Wait. So the state has to subsidize some of this as well?
1
Posted on 1/29/23 at 1:05 am to BeepNode
Apparently. I don't know why more cities didn't sign up for it when the state offered.
Posted on 1/29/23 at 4:31 am to tiger2180
quote:
The city of Ruston total area isn’t 80,000 acres. I guess the entire city gets to help pay for Buc-ee’s to come to town? Ruston already has one of the highest sales tax rates in the entire state.
No, no… the entire state does.
Posted on 1/29/23 at 6:56 am to Demonbengal
There’s actually rumors of Costco coming to West Monroe. Heard it from a reliable source so hopefully it has some legs.
Posted on 1/29/23 at 6:59 am to boudinman
quote:
Kudos to Ruston and their other parish government entities for landing the 1st Buc-ee's in the state.
They’re paying them to be there. Congrats?
Posted on 1/29/23 at 7:05 am to The Top G
quote:
Sales tax is collected as an agent of the state, it shouldn't make any difference on your margins in theory. Property tax will, but if you shut down because of your property tax assessment, you're going to fail anyway. The incentives are absolutely a competitive advantage, but it's because it puts cash back into Buccees pockets, it's not a margins win.
Lol what?
Buc-ee’s can afford to run at even lowe margins because of the subsidized nature of their location. That’s absolutely killer to competitors.
Posted on 1/29/23 at 7:08 am to hottub
quote:
I still don’t understand why certain companies get tax incentives and others don’t. I’m sure the local gas stations in this parish would love to have their tax burden lowered, as well.
Most people hate when the government picks winners and losers, except when it’s a winner they like.
Posted on 1/29/23 at 7:53 am to boudinman
Wonder what Ruston's hero Karl Malone thinks of all this?
He built a USA Travel Center Exxon/ Cajun Bar and Grill three exits east on I-20 3 to 4 years ago.
And paid out of his arse for the land, a friend of mine's family owned it.
He built a USA Travel Center Exxon/ Cajun Bar and Grill three exits east on I-20 3 to 4 years ago.
And paid out of his arse for the land, a friend of mine's family owned it.
Posted on 1/29/23 at 7:57 am to The Torch
Karl Malone does own several businesses in Ruston, but I’m pretty sure he does not own that travel center.
Posted on 1/29/23 at 8:05 am to boudinman
We gave 20 year tax credits for a lifestyle gas station?!?
Are any of its competitors getting that?
Are any of its competitors getting that?
Posted on 1/29/23 at 8:12 am to Tiger in Gatorland
quote:
Place will look like a Stuckeys in 20 years.
By the time they stop receiving these incentives, Buc-ee’s will demand more of them to revitalize their giant store.
20 years. WTF were you thinking? They’d have opened up nearby anyways.
This post was edited on 1/29/23 at 8:21 am
Posted on 1/29/23 at 8:17 am to dewster
quote:
20 years. WTF were you thinking?
"If I play my cards right here, the Bucees guy will give me $100K cash under the table for the next 20 years because I hooked him up with this windfall."
Posted on 1/29/23 at 8:19 am to tiger2180
quote:
Why did a person from Harrisonburg,La start their franchise in TX?
I think he just has family from there. Dude is an Aggie and has been living in TX most of his life. Very private guy but I am almost positive he has a business partner and he is not the whole 100% owner.
I also know they are pretty anal about where they put locations since they still have to go the bank to build one of these, for lack of a better word, attractions. There was a good write up on the dude in a Texas Monthly magazine not long ago.
Posted on 1/29/23 at 8:21 am to MWP
quote:
I also know they are pretty anal about where they put locations since they still have to go the bank to build one of these, for lack of a better word, attractions. There was a good write up on the dude in a Texas Monthly magazine not long ago.
They have to be. It’s a huge footprint that requires easy access to the highway and good visibility. And in an area populated enough to staff it.
These are not your typical gas stations. It’s not as easy to find locations that can fit these things as it sounds. Which is why overly generous incentives are a bad move. These unicorn locations that fits their requirements aren’t exactly at every freeway stop.
Taxpayers are incentivizing something that was probably going to happen anyway.
This post was edited on 1/29/23 at 8:24 am
Posted on 1/29/23 at 8:29 am to dewster
quote:
Taxpayers are incentivizing something that was probably going to happen anyway.
Number One: Not a chance. Like 0%
Number Two: Arguing against these economic development deals is like arguing the US should go back to the gold standard. Maybe you are right, maybe you aren't, but your argument is a waste of time, the cat was let out of the bag ages ago.
Posted on 1/29/23 at 9:19 am to Pedro
quote:This. Every time I’m going to orange beach I make it a priority to never stop at the buc-ee’s in foley and just go to the shell two miles down the road.
There will be a couple survivors from the people that just dont want to deal with the hassle of buccee's. I pass two everytime I go to Louisiana to visit family. Unless I have to take a dump I stop elsewhere so I dont have to deal with the people/traffic.
Posted on 1/29/23 at 10:50 am to dewster
quote:
Taxpayers are incentivizing something that was probably going to happen anyway.
Not true. I don’t know Louisiana, but chances are the sales tax is by county (parish). Counties only have a handful of exits, many have just one interstate exit. The county tax collector usually is the collector (not the city).
Unless you want someone like the Governor to get involved, and they likely won’t because their involvement would be anti business, then this is essentially a county by county (parish by parish) battle. Whoever offers the best deal wins.
So yeah Louisiana may have gotten the Bucees no matter what and the state may not need to offer the incentives that’s true. But each parish would absolutely prefer to have it rather then a huge cow pasture and a small gas station like they currently would have.
Posted on 1/29/23 at 11:35 am to boudinman
Some good “free market” economics here.
Posted on 1/29/23 at 11:39 am to dewster
quote:
20 years. WTF were you thinking?
"Local yokels get pants taken off", more at 10
Posted on 1/29/23 at 11:41 am to Overbrook
quote:
Some good “free market” economics here.
If markets were free, you wouldn't need to pay the state's shakedown fees to do business.
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