ENID, OK - The Enid City Commission met in an executive session Tuesday, June 2, 2020 to discuss the recommendation to approve an incentive package with Apex Cinema for the development of a theater and trampoline park complex.
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The City Commission voted unanimously in favor of the recommended incentive package from the Enid Regional Development Alliance (ERDA).
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The proposed 42,000 sq. ft. theater will include 8-10 digital movie screens, reclining seats, expanded food options, and a 20,000 sq. ft. Big Air Trampoline Park. The incentive for the $14.5 million project will include the donation of 7.5 acres for development and a $3.5 million sales tax rebate that would be paid over 15 years.
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Mayor George Pankonin said, “The Commission is thrilled to accomplish this milestone of approving the general incentive terms with Apex Cinema LLC to build and operate a new 8-10 screen movie theater and Big Air trampoline park in The District located at Cleveland and Garriott! This goal has been a long-term priority for the City. I want to thank Felix Waller and Apex, City staff, ERDA, Rickey Hayes, Hammer-Williams, and Nicholas Realty for the team effort to make this new entertainment venue a reality.”
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New Movie Theater & Trampoline Park Get Incentives
