The Yankton City Commission considered a special tax consideration for Event Central, which used to be known as the Yankton Mall.
Dave Mingo, Community Development Director, talks about what is unique with the proposed Sales Tax Reimbursement Agreement…
This agreement would reimburse 1% of all qualified sales taxes collected at Event Central for 10 years or until $500,000 are reimbursed, with the goal to making it easier to renovate the property quicker than without the agreement.
Matt Evans, owner of Event Central, talks about how the City can assist in generating new sales taxes at this location…
The Commission voted unanimously in favor of this agreement.
