La Palmera
Corpus Christi, Texas
Services Provided: :
Economic Development Strategies; Incentive Package Negotiations;
Cost/Benefit Analysis; Site Assistance
Costs:
$224 million
Incentives:
$23 million
Gideon Toal was retained by Trademark Properties to assist with establishing a tax incentive policy and secure tax incentives with the City of Corpus Christi, Texas for the redevelopment of the pre-existing Padre Staples Mall.
Responsibilities Included:
• policy creation,
• Financial analysis,
• Incentive negotiations; and
• Agreement creation.
The $23 million in public incentives consisted of:
• 20-year City Program 380 Tax Rebate from real property and sales tax
"Architecture by others"
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