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Sunday, June 2, 2013

$800K entertainment-center investment worth it, Avondale says


Avondale has offered a developer $800,000 in incentives to build a giant entertainment center that includes bowling, billiards, an arcade, laser tag, a ropes course and a restaurant.

Avondale officials say the center is worth the investment because it will increase revenues and property values, spur further development on the site and create 100 to 125 full- and part-time jobs after it is completed.

While city leaders say the center would not be built without the incentives, other metro Phoenix cities with similar projects paid either no incentives or considerably less than Avondale. An expert says that the incentives may be high but that the city has some protection if the developer doesn’t perform as promised.

The 58,000-square-foot, $7 million Main Event Family Entertainment Center will anchor a 40-acre development between 103rd and 107th avenues south of McDowell Road and directly north of Interstate 10.

Read more: $800K entertainment-center investment worth it, Avondale says

Reuters: Business News

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