The Abatement RegisterMesquiteAgreement 0013127
Texas Chapter 380 / 381 agreement · Mesquite

SRB Mesquite, LLC

Agreement 0013127, filed with the Texas Comptroller by City of Mesquite.

$25,000,000.00committed capital investment
$500,000grant or incentive
December 31, 2026performance deadline
The obligation

What the contract requires.

“construct a 58,000-square-foot Main Event brand family entertainment business within the former Sears building, opening by December 31, 2026”Executed agreement, p. 1
“Minimum Capital Investment in the Capital Improvements. Thereafter, Company shall file a Capital Investment Certificate with the City demonstrating that it made or caused to be made the Minimum Capital Investment.”Executed agreement, p. 15
The remedy

What the contract says happens.

“the Company shall pay to the City, not later than the 120th day after the date the City notifies the Company of the violation, an amount equal to the total amount of all Incentive Payment payments paid by the City to the Company under the terms of this Agreement”Executed agreement, p. 9

Where a deadline above has passed, no public record exists of whether it was met — not in the Comptroller’s filings, nor in the local government’s own disclosures. That is not evidence of non-compliance. Texas requires nobody to record it.

Abatement schedule · City’s sales tax · p. 2

What was abated, and for how long.

one-centyear one
one-centyear two
one-centyears three through ten

A local abatement waives only that taxing unit’s share of the property tax bill. School districts, counties, cities and hospital districts each sign separately.

Every field, as the contract states it

The record.

FieldValue & quoted sourcePage
Granting bodyCity of MesquiteCity of Mesquite, a Texas home rule municipality ("City")5
Contracting entitySRB Mesquite, LLCSRB Mesquite, LLC, a Texas limited liability company ("Company")5
Parent / guarantorSRB Holdings, LLCThe name and address of the initial member of the Company is: SRB Holdings, LLC55
InstrumentChapter 380 Economic Development & Performance AgreementThis Chapter 380 Economic Development & Performance Agreement ("Agreement")5
Governing chapterChapter 380, Local Government CodeAUTHORIZING THE CITY MANAGER TO FINALIZE, EXECUTE, AND ADMINISTER A CHAPTER 380 ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT (“AGREEMENT”) FOR SUCH PURPOSES BY AND BETWEEN THE CITY OF MESQUITE (“CITY”) AND SRB MESQUITE, LLC, A TEXAS LIMITED LIABILITY COMPANY (“COMPANY”), AND GRANTING TO THE COMPANY CERTAIN ECONOMIC DEVELOPMENT INCENTIVES;—
Capital investment$25,000,000.00Minimum Capital Investment in the Capital Improvements. Thereafter, Company shall file a Capital Investment Certificate with the City demonstrating that it made or caused to be made the Minimum Capital Investment.15
Grant or incentive$500,000a cash grant incentive of up to $500,000 is also available to the Company2
Jobs committedNot stated in the agreement—
Wage requirementNot stated in the agreement—
Square footage58,000-square-footconstruct a 58,000-square-foot Main Event brand family entertainment business1
Acreage18.6513-acrecommercial development of an 18.6513-acre parcel of land1
Performance deadlineDecember 31, 2026construct a 58,000-square-foot Main Event brand family entertainment business within the former Sears building, opening by December 31, 20261
ExpirationNot stated in the agreement—
Effective dateJanuary 1, 2025"Effective Date" January 1, 2025.8
SignatoryKarl WilliamsBy: Karl Williams29
Chain statusSuperseded by agreement 0014319—
How to check this page

Every line above is in the contract.

Agreement 0013127 is filed with the Texas Comptroller. Pull the PDF, go to the page number beside any row, and read the sentence. If a figure here does not match the document, tell me and it is corrected the same day.

Where the contract says nothing, the field is left empty rather than filled with a guess.

One of 1,645

Which of these are on your book?

This is a single agreement. I have read 1,645 of the 4,428 Texas has filed, resolved which have been superseded, and recorded what each commits a company to.

Send me an entity and a county and I will tell you what is on it — quoted, page-cited, checked. Free for the first one.

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