Construction equipment company EquipmentShare is looking at 125 acres in north Denton for what it would make its second major distribution center, and the City Council decides Tuesday whether to offer up to $926,975 in incentives to land it.
The Chapter 380 economic development agreement is listed for individual consideration at the council's Oct. 13 meeting, which opens with a 2 p.m. work session at City Hall, 215 E. McKinney St. Items for individual consideration come after the work session and a closed meeting. The city's Economic Development Partnership Board recommended the deal Sept. 30 on an 8-0 vote, with two members not voting.
What the company is planning
EquipmentShare, founded in 2015 and based in Columbia, Missouri, rents and sells construction equipment and sells a jobsite technology platform it calls T3. City documents say it has more than 9,200 employees at more than 430 locations in 45 states.
The company is considering buying land between FM 1173 and North Masch Branch Road, on the northern portion of what the city's presentation calls the Baker site in the North Texas Logistics Hub. The first phase would include four buildings:
- a 402,000-square-foot distribution center
- a 28,000-square-foot building for its heavy dirt equipment division
- a 28,000-square-foot building for its advanced solutions division
- an 8,500-square-foot building for site solutions
The company estimates the project at $246.3 million, including $17.4 million in land investment, $75 million in improvements and $153.9 million in business personal property. The presentation says rental equipment would make up about $140 million of that personal property. EquipmentShare told the city it plans to create 136 jobs paying an average of $64,591 within six years.
The deal is not final on the company's side. The city presentation says Denton is "in active site selection alongside competing markets in Texas and nationwide."
What the city would give
Staff recommends three pieces:
