Breakdown of tax breaks offered for new Macy's shipping center

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Reported by: Shae Rozzi
Updated: 1/08 10:59 am Published: 1/08 10:52 am

A new Macy's shipping center in Green Country is expected to bring more than a thousand full-time jobs and hundreds of part-time jobs.

FOX23 has a breakdown on the tax incentives being offered to help convince Macy's to build there.

The center will be big enough to fit 46 football fields, it will be built along 76th Street North near Longview Avenue.

"It really is going to make a huge impact throughout the entire area," said John Smaligo, a Tulsa County Commissioner.

The impact comes at a cost to taxpayers.

FOX23 found out Macy's will get a 10-year break on property taxes. Tulsa County agreed to the first five years. The state will pay the county for the remaining five.

Macy's will get a break on the sales tax for the construction materials and $1.5 million from the governor's quick action closing fund and a-half million dollars from both ODOT and the Cherokee Nation to cover the cost of paving roads and intersections to access the site.

"It was made very clear to us by the company that these incentives made the difference for Tulsa to get the company to locate here," said Smaligo.

FOX23 viewers have mixed reaction to the incentives.

On Facebook, Christopher Ramsey wrote: "So the big corporation gets a tax break while the rest of us make up for it right? You would think the multimillion dollar company would have to pay more taxes so that the rest of us could get a tax break."

Some support the decision, John E. Smith wrote: "I wish Mannford and Sand Springs would learn from this."

Smaligo said the breaks are a small price to pay when you consider the number of jobs and the money employees will spend throughout the region.

"The return on that investment is going to be enormous," he said.

Taxpayers can weigh in on these incentives.

Commissioners will hold two public hearings on Jan. 21 and Feb. 3 before this is a done deal.

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