CORPUS CHRISTI, Texas \u2014 Corpus Christi City Council will vote Tuesday on extending a tax incentive agreement with La Palmera Mall by ten years to help fund the demolition of the former Macy’s and make room for a Dick’s House of Sport.<\/p>\n
La Palmera’s owner, Corpus Christi Retail Venture LP, is asking to extend its Chapter 380 agreement through 2045. The deal does not increase the original $15 million incentive cap approved in 2008. About $6.5 million has already been paid out, leaving roughly $8.47 million.<\/p>\n
Under the agreement, the city reimburses the mall owner 70 percent of the increase in city ad valorem taxes and one percent sales tax above a 2007 base year.<\/p>\n
Macy’s left its La Palmera location in April 2026 as part of a nationwide closure of nearly 150 stores. City documents say the store had been in decline for years.<\/p>\n
Dick’s Sporting Goods wants to build a House of Sport on the site. The store would be 100,000 to 120,000 square feet and include an outdoor sports field, rock climbing wall, golf simulators, batting cages, a collectors clubhouse, and equipment services. The target opening is fall 2028.<\/p>\n
Dick’s already has five House of Sport locations in Texas. Corpus Christi would be the fourth new Texas location planned for 2028.<\/p>\n
La Palmera would spend about $9 million on site preparation, including demolishing the Macy’s building. Dick’s would invest roughly $21 million in construction and buildout. La Palmera would also gain about 14,000 square feet of new retail space at the interior mall entrance to the Dick’s store.<\/p>\n
According to the city presentation, Dick’s expects to triple annual visits at the location from 626,000 to more than 2 million and double revenue from about $20 million to $40 million. The store’s employee count would grow from about 72 to 147.<\/p>\n
La Palmera currently generates more than $3.3 million in sales tax and $730,000 in ad valorem taxes for the city. The mall has more than 100 tenants and between 2,500 and 3,000 employees.<\/p>\n
Under the agreement, La Palmera must begin demolition of the Macy’s building by January 1, 2030, and complete the new investment with a certificate of occupancy by June 1, 2032. If those deadlines are not met, the amendment is automatically voided and the original 2008 agreement stays in place.<\/p>\n
Tuesday’s vote is the first reading. A second reading is scheduled for September 15.<\/p>\n
This story was reported on-air by a journalist and has been converted to this platform with the assistance of AI. Our editorial team verifies all reporting on all platforms for fairness and accuracy.<\/p>\n
For the latest local news updates, click here<\/a>, or download the KRIS 6 News App.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"CORPUS CHRISTI, Texas \u2014 Corpus Christi City Council will vote Tuesday on extending a tax incentive agreement with…\n","protected":false},"author":2,"featured_media":428788,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[155,157,156,148973,35690,3370],"class_list":["post-428787","post","type-post","status-publish","format-standard","has-post-thumbnail","category-corpus-christi","tag-corpus-christi","tag-corpus-christi-headlines","tag-corpus-christi-news","tag-dicks-house-of-sport-corpus-christi","tag-la-palmera-mall","tag-southside-corpus-christi"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/428787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=428787"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/428787\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/428788"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=428787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=428787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=428787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}