Bennett Benner Pettit was retained by RadioShack Corporation to develop an economic development strategy and negotiate the relocation of RadioShack’s corporate headquarters. This complex task included disposition of the existing real estate properties, identifying a new site and negotiating the necessary public incentives to secure the corporate relocation. Bennett Benner Pettit prepared the financial information necessary to initiate an economic incentive agreement totaling $96 million in public incentives. The public incentives consisted of:
- 30-year City Program 380 Tax Rebate ($60 million)
- TIF Infrastructure Assistance ($29 million)
- Building Permit Fee Waiver
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