Weatherford News

July 24 is big opening for Hobby Lobby store

If being creative isn’t a hobby but a way of life a celebration may be in order.

The long anticipated grand opening of Hobby Lobby is just around the corner. A “soft-opening” is scheduled for July 21 with the official Grand Opening Monday, July 24.

Hobby Lobby broke ground on Oct. 28, 2016 with Academy Sports + Outdoors, on a 10 acre retail shopping center development fronting I-20, west of Tin Top Road. The arts and crafts supplier is expected to create between 30 and 50 new jobs for their new 55,000 square feet facility.

Both Hobby Lobby and Academy are part of a visionary approach made by Weatherford City Council through a Tax Increment Reinvestment Zone, (TIRZ) to address undeveloped areas in the City. The TIRZ is designed to provide benefits in the future, such as job growth and better quality of life for residents. The City and Parker County Hospital District agreed to partner for the TIRZ. By law, Weatherford Independent School District cannot participate with a TIRZ, but did pass a resolution of support.

“The opening of Hobby Lobby marks the second completed project as a direct result of the Tax Increment Reinvestment Zone (TIRZ)”, said City Manager Sharon Hayes. “The City of Weatherford could not be more pleased with the results of the TIRZ program and we look forward to continued economic growth that will attract jobs to our community.”

TIRZs are increasingly popular among municipalities in the state of Texas by allowing a proactive approach toward attracting businesses. A TIRZ essentially jump-starts development in an area of Weatherford that may not otherwise develop and adds additional tax revenue back into the TIRZ when property tax values increase. Other tax revenue is also generated from new development within the TIRZ, such as sales tax. Sales tax revenue does not go into the TIRZ, but still benefits the community.