State sales tax revenue for Roanoke continues to grow, totaling $11,907,032 this fiscal year, according to the city’s economic development department.
Officials say Roanoke’s title of the “Unique Dining Capital of Texas” lends to the city’s robust increase in revenue, which should only get better as a handful of new restaurants are scheduled to open in the future.
“In terms of restaurant activity, this year I personally believe will be one of our most productive years,” economic development director Cody Petree said. “We are experiencing an unprecedented amount of activity currently.”
Roanoke’s sales tax receipts for 2012 totaled $10,947,719 and $8,469,739 in 2011.
Petree said city council members recently approved four new restaurants, including Matt’s Tex-Mex on N Oak St., Dairy Queen and Panda Express on N. U.S. 377 and On the Border on E. U.S. 377. Matt’s Tex-Mex is currently under construction and should open in the next couple of months, he said, while site plans for the others have been approved and will start construction soon.
Petree added that the new Cinemark movie theater is about to break ground at Texas 114 and Texas 170 and should open by fall 2015.
City manager Scott Campbell said he expects four or five more restaurants committed to the site around the new theater within the next eight to ten months.
“The Cinemark has generated an incredible amount of interest from those that want to be part of what will be a vibrant dining (and) entertainment venue for the region,” he said.
The city is also working on developing out the Roanoke Vista Shopping Center, a 26-acre area where the city’s Chick-Fil-A and upcoming Dairy Queen will sit.
Petree said they are currently working with retailers to fill the space.