City council approves $5 million incentive package; Topgolf coming to El Paso
City Council Tuesday approved a $5 million Chapter 380 incentive agreement intended to help spur the development of a Topgolf entertainment facility expected to include more than $15 million in private investment.
“I am proud to welcome Topgolf to our community,” said Mayor Oscar Leeser in a news release. “Its expansion efforts will bolster new economic development opportunities that will strengthen our economic climate. Today’s announcement is another example of how El Paso is open for business.
Topgolf is eligible for a 75% city real and property tax rebate totaling $1.7 million, a 75% city sales tax rebate totaling $3.4 million, and a 100% rebate on certain building and planning fees up to $34,000, city officials said.
Topgolf provides a unique environment that includes a chef-driven food and beverage menu, music, and games. It currently has 29 venues worldwide that serve 13 million guests annually, spurring economic development opportunities in the cities where they reside.
“This entertainment complex will not only improve our overall quality of place, but it will also be a catalyst for growth,” City Manager Tommy Gonzalez said in a news release. “We view this expansion as an economic development milestone that will bring great opportunities.”
Topgolf is expected to break ground in the coming months at the Montecillo development. The company is expected to hire 400 employees.