Nebraska Furniture Mart Frisco, Plano, The Colony, Texas.

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Nebraska Furniture Mart

(click above Link for Company Website)

5600 Nebraska Furniture Mart Dr

The Colony, Texas 75056

972-668-3000
Nebraska Furniture Mart is the largest home furnishing store in North America
selling Furniture, Flooring, Appliances and Electronics.
 

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Latest News:

The Colony’s Nebraska Furniture Mart is so big, it’s taking two years to build, read more...


The Colony goes all in on big retail development:

 

THE COLONY — In a sparse field off State Highway 121, work is beginning on what will soon be the largest furniture store in North America.

But the Nebraska Furniture Mart is notable for more than its size. In luring the chain to town, The Colony has promised one of the most generous economic development packages ever offered in North Texas and beyond. Documents show that the city of about 40,000 plans to spend up to $802 million to help build the store and its surrounding developments.

That commitment amounts to more than 15 times the city’s annual budget.

“That is exceptionally big,” said Greg LeRoy, executive director of Good Jobs First, a Washington-based nonprofit that studies and is often critical of economic development deals. “I think it might be a world record.”

City leaders say the development will create jobs and generate much-needed sales tax revenue — more than $600 million over the next 40 years, documents indicate. And, given that the chain is owned by Warren Buffett’s Berkshire Hathaway, there is little concern about the risk.

But in a time when economic development is becoming more and more competitive among cities, the massive price tag raises questions about whether it is the best use of tax dollars.

“It is a very big undertaking, and we understand that, but with the opportunity that it presented to our community, the return was more than acceptable,” said Tod Maurina, assistant city manager for The Colony.   Read More..........

 

 

 

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