Financial incentives to be offered for brand spanking new 24/7 Travel Store in northwest Hays

By BECKY KISER
Hays Post

Two ordinances supporting the proposed improvement of a brand new 24/7 Travel Store at Interstate 70, Exit 157, shall be offered in the course of the Hays City Commission work session on Thursday.

Triplett, Inc., the Salina-based developer, has requested the town for a 20-year, pay-as-you-go Tax Increment Financing (TIF) District and a Community Improvement District (CID) to levy a 2% gross sales tax. 

The developer estimated the TIF District would generate about $4.5 million, and the CID gross sales tax would generate about $2 million.

In addition, the developer requested the issuance of business income bonds (IRBs) to finance the $11.1 million venture for a gross sales tax exemption on purchases associated to the development of the journey retailer. The IRBs are estimated to offer a good thing about $125,687. 

Once open, the journey retailer is anticipated to create $5 million in annual taxable retail gross sales and $20 million in annual gasoline/diesel gross sales. 

Triplett already operates a smaller 24/7 Travel Store at 3601 Vine in Hays.

The fee can even:

• Discuss attainable conversion of one-way streets in downtown Hays to two-way streets

• Discuss the proposed 2027 funds

• Hear an replace on actions on the Ellis County Historical Society and Museum from Amanda Rupp, government director

The full April 2 agenda is offered here.

The work session begins at 4 p.m. in Hays City Hall, 1507 Main.

You can watch the city commission meeting live HERE.