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Monday, January 25, 2021

Wal-Mart, Carolina Beverage tax breaks up for Fort Worth City Council vote

A. Lee Graham lgraham@bizpress.net

Tax breaks proposed for Wal-Mart Stores Inc. and Carolina Beverage Group LLC are set for consideration at the April 23 Fort Worth City Council meeting. Pre-council begins at 8:30 a.m., with the regular meeting starting at 10 a.m. at City Hall, 1000 Throckmorton St. The Wal-Mart deal would see the city gain 400 full-time equivalent jobs through 2017, with the city offering to abate 75 percent, or about $2 million, of city property taxes on the incremental value of Wal-Mart’s proposed e-commerce fulfillment center at 5300 Westport Parkway in far North Fort Worth. Meanwhile, Fort Worth would see at least 225 new full-time equivalent jobs created by Dec. 31, 2018 if it approves an abatement deal with Carolina Beverage. The city is offering to abate up to 70 percent, or about $2.4 million, of city property taxes on the incremental value of the company’s proposed location at 13300 Park Vista Blvd., just west of the proposed Wal-Mart site.  

Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

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