Interesting that they would announce a store opening before even having a location. Most retailers try to hide their plans for competitive reasons.
It's also funny how that press release reads like it was written by the city of Moncton with "Retail hub of the Maritimes" nonsense.
Apparently these guys go after taxpayer money to open stores as tourist attractions, with a lot of these proposed stores never opening.
Quote:
Taxpayer Subsidies
“Bass Pro’s financials are and always have been private,” the company said in written responses to questions. “Any valuation of the company by outsiders is nothing more than speculation from people with no first-hand knowledge of Bass Pro Shops.”
Bass Pro’s critics complain about the company’s practice of accepting municipal subsidies to build megastores in their communities, often with the understanding they would create jobs or increase tax revenue.
The Public Accountability Initiative, a Buffalo, New York-based research group, estimated in a 2010 report that Bass Pro-anchored retail projects had won more than $500 million in taxpayer subsidies.
Another watchdog group, the Franklin Center for Government & Public Integrity, based in Alexandria, Virginia, estimated in August 2012 that Bass Pro and its closest competitor, Sidney, Nebraska-based Cabela’s, received or were promised more than $2.2 billion from taxpayers over the prior 15 years.
http://www.bloomberg.com/news/2013-06-03...-building-megastores-with-taxpayers.html
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So it seems there is a race to the taxpayer trough in the city of Moncton.
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