Living Spaces is planning a location in Frisco, and it could receive a sales tax incentive to come here.
During the May 21 meeting, Frisco City Council approved 5-1 an incentive agreement for the furniture company to build a store in Frisco. The site sits on 15 acres at the northeast corner of Hillcrest Road and SH 121. The store is supposed to open by spring 2021, according to the agreement with the city.
Council Member Brian Livingston voted against the incentive agreement.
“I’m not really excited about incentivizing more retail jobs,” he said.
The incentive is a performance-based agreement, meaning the company needs to meet the requirements of the agreement before being reimbursed sales taxes.
The store is projected to generate $40 million a year in sales and have 80-110 full-time employees.
Living Spaces has locations in four states. San Antonio and Pflugerville, Texas, have one location each, and a Grand Prairie location is coming soon.