Tulsa County Leaders OK Incentive for Macy's
OWASSO, Okla. (AP) — Tulsa County leaders have approved the creation of a tax incentive district for the new Macy's distribution center that's headed to Owasso.
On Monday, commissioners approved a memorandum of understanding that begins the process for a property tax abatement program for the project. The Tulsa World reports that the program will exempt Macy's from paying property taxes on improvements to the property.
Macy's announced last week that it would build the $170 million fulfillment center about 12 miles north of Tulsa. The facility is expected to create 1,500 full-time jobs and part-time jobs, along with an additional 1,000 temporary seasonal workers each year.
Construction is expected to begin next spring, with shipping orders scheduled to start in summer 2015.