IKEA Incentives Apparently In Line With Other Offers

IKEA Incentives Apparently In Line With Other Offers

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(KSL News) When IKEA and Draper decided to bring the furniture giant to the city, many thought Draper gave up too much.

But, incentives Draper offered IKEA to build their 310-thousand square foot store appear to be in line with, if not less, than what other cities have offered the furniture retailer.

The development agreement between Draper and IKEA shows that the city will pay for nearly all infrastructure upgrades to the 40-acre site near 13800 South and I-15 that IKEA now owns. That includes upgrades to water, sewer, electric, communication and gas lines.

Draper expects the total cost to the city to be around 2-point- 8 million dollars. In comparison, a similar agreement between Tempe, Arizona, and IKEA shows the Phoenix suburb will pay 6-point- 8 million to have the store built.

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