The purchase of 105 acres of city-owned land at I-15 Exit 118 was finalized last week with the city of Mesquite receiving a check for just over $644,000. The 333 Eagles Landing LLC group plans to build a truck stop travel center at the new exit that opened in July. The 10,000 to 12,000 square foot complex will include a Wendy’s fast food restaurant and a tire repair facility on a 10-acre parcel.
According to an Eagles Landing spokesperson, the group intends to submit tentative site plans to the city within the month and be fully operational by late spring 2017.
The original purchase price of the acreage was $1.610 million, which was the appraised price. However, the purchase agreement reduces that by inducing economic development incentives from the city. The Eagles Landing group intends to hire at least 40 full-time employees and has committed to spending $2 million on capital improvements. Each incentive garners a 30 percent discount from the full purchase price. Punitive provisions are included in the contract should the company not meet those incentive promises.