Construction is scheduled to begin in short order at the site where Parker County’s newest entertainment venue, located on east Interstate 20, broke ground earlier this summer.
But it took some action by the Weatherford City Council for the project to continue as they modified a previously made agreement.
During their meeting Tuesday, council issued a supplemental agreement for a sales tax refund and a commercial/industrial tax abatement, with SP Weatherford Theatre, Ltd, located in Reinvestment Zone at 825 East Interstate 20, Weatherford.
“In the original agreement there was language used that said they would be operational by December, 2015,” said Dennis Clayton, director of economic development. “The supplement revises the time-line to Dec., 2016.”
Clayton said though the revision sounds minor it actually affected the owners ability to finance and close funding on the project.
“The company has been progressing through the plat process as well as the permit application process and are prepared to begin construction.”
Clayton said the owners plan to open the 74,000 square foot facility in nine months.
Once constructed, the family and corporate entertainment center will be home to eight dine-in, chef-inspired menu; theatre auditoriums with state-of-the-art projection and sound technology. The facility will also contain 24 bowling lanes that will feature plush seating and music videos with private lanes, sports bar and grille with billiards and live entertainment, a 4,000 square foot interactive arcade with redemption prizes and private facilities for birthday parties, youth parties and corporate outings.
In other business the council granted funding requests via the General Fund and Hotel Occupancy Tax Revenue.
Each year, the City of Weatherford receives requests from local organizations for distributions from General Fund and Hotel Occupancy Tax revenue. On Aug. 25, many organizations gave brief presentations to the council to discuss their operations and explain how the granting of their requests will provide benefits to the community.
All total $77,050 was distributed from the the General Fund to the following organizations:
▪ Freedom House: $20,000
▪ Manna Storehouse: $10,000
▪ Crossroads Ministry: $6,000
▪ Center of Hope: $6,050
▪ Parker County Committee on Aging: $35,000
As for the funds from the Hotel Occupancy Tax, the Doss Heritage and Cultural Center received $30,000, and the Weatherford Chamber of Commerce $106,400 plus an extra $25,000 to pay Weatherford police for overtime during the Peach Festival activities.