A final plat was approved for Moviehouse & Eatery, an upscale, eight-screen, dine-in movie theater in Keller.No City Council action is needed for the final plat, which was unanimously approved Aug. 12 by the Planning and Zoning Commission.Construction plans for the 42,589 square-foot theater, to be built at 250 Rufe Snow Drive, have been submitted and are under review by the Public Works department.The theater is scheduled to open by summer 2014.The flagship Moviehouse & Eatery opened in Austin in November. Plans for the Keller location will include a dine-in theater in eight auditoriums. The theater will accommodate about 900 people and include reserved seating in plush electric recliners and wall-to-wall screens.In April, City Council approved a site plan, development incentive and performance agreement worth more than $500,000 for the developers of the theater.The agreement includes eliminating building and construction fees, reimbursing developers up to $200,000 in reimbursement for signal improvements at Rufe Snow Drive, landscaping and trail improvements along the public right-of-way and the rebate of city of Keller impact fees.Also included in the agreement is a new property tax grant, which for four years will return to the owners the taxes paid to Keller on the property in excess of the land’s base tax value; a 50 percent rebate on personal property taxes paid to Keller for five years, not to exceed $7,800 annually; and rebate of the 1 percent of sales taxes allocated to the city’s general fund for three years, not to exceed $70,000 annually.Moviehouse & Eatery will also add a minimum of $5.5 million worth of taxable property within the city’s Tax Increment Financing district.Economic Development Coordinator DeAnna Reaves said return on investment for the incentives could provide the city about $900,000 within five years and $1.8 million in 10 years. This story contains information from the Star-Telegram archives.
Susan McFarland, 817-390-7547 Twitter: @susanmcfarland1