Summary: The City is negotiating with Far Out Hospitality to bring a new Cork and Pig Tavern to Willow Park. And the City is bringing Chapter 380 sales tax rebates to the table.
Latest Update: posted 05 March, 2024
• Tags:#DevelopmentNorth
New, Cork and Pig Restaurant courted with City Chapter 380 financing.
[source]
The City is negotiating with Far Out Hospitality, FOH, to bring a new restaurant to Willow Park. And the City is bringing Chapter 380 [source 1] sales tax rebates to the table. [2]
With six (6) other locations,"Cork & Pig Tavern is a unique, chef driven blend of signature entrees, gourmet salads, sandwiches, wood-fired pizzas, and mouth watering apps and sides. Complimented by our expansive wine selections, craft beers, and specialty cocktails, you’re sure to find the Cork & Pig Tavern to be an exciting environment for friends and family to relax, laugh, and dine." Southlake, Texas Cork and Pig Restaurant [3]
The new Cork and Pig Tavern will "likely be located in The District," [1] in the Shops at Willow Park [4] where the City is planning a trailhead for the EPCoT Trail System [1] to the trails that runs along the Trinity Clear Fork River, that separate the residential north side and the retail south side of the Wilks Development.
Interestingly, FOH, with nine (9) brands of restaurants, has another restaurant at a trailhead, "Press Cafe is a modern, yet casual mix of fresh salads, classic sandwiches, wine, spirits, and great coffee! Located next to Bike Mart at The Trailhead in Clearfork.
Willow Park Civics Research and Sources
[1] • Willow Park Civics Blog > "The District" Index
Willow Park Civics Resources > Glossary Plus
"Chapter 380 of the Local Government Code authorizes municipalities to offer incentives designed to promote economic development such as commercial and retail projects. Specifically, it provides for offering loans and grants of city funds or services at little or no cost to promote state and local economic development and to stimulate business and commercial activity."
• Executive Session, Agenda Item 14. Section 551.071 - Consultation with Attorney
• B. Chapter 380 Agreement between the City and Far Out Hospitality for the development of a Cork and Pig Restaurant offering sales tax rebates.
• Willow Park Civics Notes: Motion passed to "Authorize City Staff to negotiate a 380 agreement with Far Out Hospitality to open and develop a Cork and Pig Restaurant with sales tax potential rebates.
[3] Willow Park Civics Research:
• Southlake, Texas "Cork & Pig Tavern is a unique, chef driven blend of signature entrees, gourmet salads, sandwiches, wood-fired pizzas, and mouth watering apps and sides. Complimented by our expansive wine selections, craft beers, and specialty cocktails, you’re sure to find the Cork & Pig Tavern to be an exciting environment for friends and family to relax, laugh, and dine."
[4] Council approves zoning change for church property, New restaurant being courted, The Community News, 01 March 2024
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