New retail stores could boost Pittsburg’s economy
The city of Pittsburg approved a tax incentive for a new retail development featuring three major stores. The plan includes adding Ulta, Rack Room, and Five Below to the city’s shopping options, aiming to retain local shoppers and provide more variety. The agreement with a group representing the Pittsburg Town Center Shopping Complex redistributes the 1.5% local sales tax collected by three new retailers. 2/3 of it will go to the city. The other 1/3 will go to the developer to recoup construction costs, with a cap of $600,000 or 20 years of collections, whichever comes first. Officials expressed interest in [...]