Plans for the center include a 72,000-sf Academy Sports + Outdoors, which is slated to open in 2016. The retailer is closing its McAllen store.
The developer’s subsidiary, McAllen Levcal LLC, will be eligible for up to $8 million of reimbursement for its $40 million of capital investment.
City officials estimate the development's value will be nearly $100 million at completion.
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