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Subsidy Tracker Individual Entry

Company: 
Bass Pro
Parent Company: 
Bass Pro
Subsidy Source: 
local
Location: 
Louisiana
City: 
Denham Springs
County: 
Livingston
Project Description: 

hunting and fishing megastore

Year: 
2007
Major Industry of Parent: 
retailing
Specific Industry of Parent: 
retail-hunting & fishing
Subsidy Value: 
$50,000,000
Program Name: 
Denham Springs sales tax increment financing
Awarding Agency: 
Denham Springs Economic Development District
Type of Subsidy: 
MEGADEAL
Source of Data: 

The subsidy amount is cited in Bob Anderson, "Court clears Bass Pro," The Advocate (Baton Rouge), October 18, 2006 and in the original supreme court opinion, which can be found at www.lasc.org/opinions/2005/04c1674.opn.pdf. See also: Bob Anderson, "Bass Pro takes bids fgor store," The Advocate (Baton Rouge), January 4, 2007.

Notes: 

The original plan for a Bass Pro store in Denham Springs was announced in November 2003. It later came out that the city was planning to subsidize construction and infrastructure costs by issuing about $50 million in revenue bonds that would be backed by the sales tax generated by the store. A legal challenge to the plan went all the way to the Louisiana Supreme Court, which ruled in favor of the project in 2005 and again in 2006 . The bonds were issued in 2007 and the store opened in 2008. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.