A new grocery store in Oologah is on the horizon.
Oologah Town Board members received an update on the project Tuesday morning. Rogers County Industrial Development Authority Director Mickey Thompson said paperwork is being finalized to start construction on the grocery store.
The store will be an Apple Mart and it will be approximately 19,000 square feet. It will be built on the Northeast corner of the U.S. 169 and OK 88 intersection.
“We are reaching the final stage,” Thompson said. “We’re now in position to close all documents and get the grocery store underway.”
Wholesale grocer, AWG is purchasing the property from Lakeside State Bank. Thompson said Jim Brown will operate the grocery store on a 20 year lease with the option to purchase.
RCIDA is helping to facilitate the new grocery store through a Tax Increment Financing or TIF district. RCIDA is contributing to the purchase of the property.
Oologah’s sales tax from the grocery store will be diverted to RCIDA to repay the financing. Thompson said the financing should be paid off in less than 20 years.
“They think the store will actually be more feasible than when we started but construction costs have gone up,” Thompson said.
Thompson said the groundbreaking should take place May 1 to start construction and he hoped the ribbon cutting would take place in early October. Board members were pleased that they may be able to buy their Thanksgiving turkeys at the new grocery store.