Described as an amalgamation of Dick’s House of Sports, a Nordstrom and a Bass Pro, the OKC Scheels store will not be the state’s first; last year a 319,000 square foot store opened in Tulsa. The new store will be built just north of Memorial Road and west of Lake Hefner Parkway.
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The Economic Development Program Manager for OKC, Joanna McSpadden explained the $8 million incentive package that was used to entice Scheels to build here this way:
“The incentive package is capped at 8 million dollars. It would be earned over a 10-year period, and basically, we’re utilizing a portion of the sales tax that’s generated at the store. So it’s a pay-for-performance method.”
Essentially the city will be sharing part of the sales tax revenue the store generates with Scheels.
City council has nearly dotted all the i’s and crossed all the t’s on the incentive package for the new 300,000 square foot store before groundbreaking can commence. Completion of the store is anticipated be as soon as 2028.