October 15, 2024
Tax

Buc-ees tax incentive approved in Fayette Co.


MEMPHIS, Tenn. (WMC) – Fayette County leaders gave the green light for Buc-ees to continue construction.

Developers received approval for a 20-year tax increment financing, according to Memphis Business Journal.

“The Fayette County Industrial Development Board passed a resolution to issue a note for a TIF for Buc-ee’s Family Travel Center in Gallaway at Exit 28,” said Rhea Taylor, Fayette County Mayor.

This helps offset the cost of building the infrastructure, which reads water and sewer, to $17 million.

West Tennesseans will see the largest convenience store in the country on I-40 in about two years.

There are already two Buc-ees in East Tennessee.

Click here to sign up for our newsletter!

Click here to report a spelling or grammar error. Please include the headline.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *