Crandall’s Home Depot Deal Is Worth Up To $4.25 Million
City records filed with the Texas Comptroller show the incentive package grew well beyond the original $1 million proposal.
A Home Depot incentive that started as a $1 million proposal has grown into a package worth up to $4.25 million. City filings with the Texas Comptroller confirm the larger figure.
The difference matters. It changes how residents should think about what Crandall is actually promising a major retailer in exchange for a new store.
From A $1 Million Proposal To A $4.25 Million Agreement
The Crandall Economic Development Corporation first proposed the incentive in June 2025. That original hearing notice capped the reimbursement at $1 million.
The City Council approved a larger Chapter 380 agreement on July 21, 2025. That final deal set the maximum reported value at $4.25 million.
The package blends three pieces. A sales tax rebate capped at $3 million, the EDC’s original $1 million commitment, and reduced development fees make up the total.
How Crandall’s Sales Tax Dollar Is Divided
Crandall currently collects 2 cents in local sales tax on every taxable dollar spent in the city. That total is split three ways.
| Portion | Share | Purpose |
|---|---|---|
| General Municipal Levy | 1% | Home Depot’s rebate is drawn from this portion |
| Economic Development Corporation | 0.5% | Funds business recruitment and incentives |
| Property Tax Reduction | 0.5% | Offsets the city’s property tax rate |
| Total Local Sales Tax | 2% | Full local allocation collected in Crandall |
The Rebate Math, Dollar By Dollar
Home Depot can receive half of the city’s 1% general levy on sales the store generates. The city keeps the other half.
| For Every $100 In Taxable Home Depot Sales | |
|---|---|
| Crandall’s 1% City Levy Collects | $1.00 |
| Home Depot’s Potential Rebate | $0.50 |
| Crandall’s Retained Share | $0.50 |
To reach the full $3 million cap, Home Depot would need roughly $600 million in cumulative taxable sales. Those same sales would also generate about $6 million total for the city’s levy.
Half of that amount would return to Home Depot. The other half would stay with Crandall at the same time.
Key Dates In The Agreement
- June 2025Crandall EDC holds a public hearing on a $1 million incentive proposal
- July 21, 2025City Council approves the final Chapter 380 agreement valued at $4.25 million
- September 1, 2028Deadline for Home Depot to open the Crandall store
- December 31, 2042Agreement expires, or ends earlier if the incentive cap is reached first
What It Would Take To Reach The Cap
If Home Depot opens by the deadline, roughly 14 years remain on the agreement. Hitting the full $3 million rebate in that span requires a steady sales pace.
| Annual Estimate | Amount |
|---|---|
| Taxable Sales Needed Per Year | About $42 million |
| City Levy Generated Per Year | About $420,000 |
| Estimated Annual Rebate To Home Depot | About $210,000 |
| Estimated Annual Amount Retained By Crandall | About $210,000 |
What Home Depot Must Deliver
- Home Depot must generate real taxable sales before any rebate is paid
- The state and city collect the tax first, and reimbursement follows
- Payments rise and fall with actual performance rather than projections
- If sales fall short of the needed pace, the city never pays the full $3 million
Why It Matters For Crandall
Crandall shoppers currently travel to Forney, Terrell, Balch Springs and Mesquite for Home Depot’s products. A local store could redirect some of that spending back into the city.
Even while the rebate is active, Crandall keeps half of its city levy. The full Economic Development Corporation share and the property tax reduction share are not part of the rebate at all.
The project also promises at least $30 million in new construction along with dozens of full time jobs for the community.
The numbers describe a performance based agreement rather than an upfront subsidy. Its ultimate success will depend on whether Home Depot builds as promised, opens on schedule and generates enough sales to justify the incentive Crandall approved.
STAY INFORMED — Shop in Seagoville will continue tracking construction progress, tax filings and job numbers as Crandall’s Home Depot project moves forward.
