The special 1.2 percent fee that would be added to all purchases at the proposed Cabela’s outdoor sporting goods store in northeast Wichita would generate up to $17 million over 22 years, according to documents released by the city today.
Of that 1.2 percent, 1 percent would go to the company for development and business costs and .2 percent would be given to the city to help fund a major construction project that would complete the K-96 and Greenwich interchange by adding on- and off-ramps.
Wichita City Council members will vote Tuesday whether to set a March 8 public hearing to debate the proposal.
The entire Cabela’s development, including the proposed 80,000-square-foot store, is expected to cost about $28 million.
Roughly $3 million would go into site acquisition and development. About $15.8 million would go into construction, and $4.5 million is budgeted for public infrastructure and assessments associated with the site, according to the application filed on behalf of Cabela’s by Regency Development Co. managing member Thomas W. Boyd.
For more on Cabela’s proposal, see The Eagle’s previous coverage: http://www.kansas.com/2011/02/10/1714082/cabelas-asks-for-special-fee-on.html