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Steady growth of commercial sector signals strong economy

Round Rock is logging its second straight year of strong commercial development as shown by 29 new commercial building permits submitted to the city through the first half of 2013-2014 fiscal year.  Local experts are seeing the trend as reason enough to call the recession, which still lingers in other areas of the country, a closed chapter in the city’s history.

The number of building permits is a prime indicator of economic health for a city, and Round Rock’s Planning and Development Services Department reviewed a steady stream of them between October and March.

The city reviewed 29 new commercial permits worth about $77.8 million in the first half of the 2014 fiscal year, according to city records.

Bass Pro Shops, a major fishing and outdoors outfitter, applied for the most valuable commercial permit, which was worth $13 million, according to city documents.  Bass Pro will build an Outdoor World location alongside the Round Rock Premium Outlets near the intersection of I-35 and University Boulevard.

The 104,000-square-foot business could help bring in $400 million in taxable sales in its first decade of operation, both inside the store and from nearby businesses, which equals about $5 million in tax revenue for Round Rock, according to the city.

Click to read entire article Steady growth of commercial sector signals strong economy (Community Impact Newspaper, 8-6-14)

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