ODC Approves Resolution to Support Infrastructure for 150-acre Mixed-Use Development Near Highway 191 and Yukon Road

The Odessa Development Corporation (ODC) met on Thursday, February 15, and took action on a resolution with ICA Development, Inc. (ICA)  to support infrastructure of their 150-acre mixed-use development in Odessa near State Hwy. 191 and Yukon Road, which will include industrial parks, workforce housing, commercial development and retail development.

This resolution is pending approval by Odessa City Council in the amount of $4,405,417. If approved, the ODC will partner with ICA to provide funding support for infrastructure improvements to support growth and development projects in this entire area including utilities, roadway and drainage improvements that open up the entire area to provide infrastructure for future growth. 

Several development projects are being considered for this area, including the announcement today of the Bass Pro Shops location. Bass Pro Shops, “North America’s premier outdoor and conservation company,” is planning to develop a 100,000 sq. ft. destination facility to serve the entire Permian Basin region near Odessa’s current Cinergy location. This location is expected to open sometime in spring of 2025.

ODC funding comes from Type A sales tax revenue, which allows economic development organizations to fund land, buildings, equipment, facilities expenditures, targeted infrastructure and improvements for projects that promote or develop new or expanded business enterprises.

“ODC is more committed than ever to spur economic growth in our area, and investment in this type of infrastructure allows us to open up this entire area for future growth,” said ODC Board President Kris Crow. “We are excited about the potential this has to help Odessa grow and expand into the future.

Krow added that  the ODC appreciates the continued support from Odessa’s mayor and city council.

“A new and brighter future in Odessa begins today with the exciting announcement that Bass Pro Shops and Tracker Boats will be located in the city. A new 100,000-square-foot facility will be built south of US Highway 191 along with Tracker Boats, all on a 16-acre tract of land,” said Odessa Mayor Javier Joven. “This significant development is the result of the hard work and dedication of John Bushman and ICA Development LLC, along with the City of Odessa and the Odessa Development Corporation.”

The ODC focuses on Odessa economic development and local business retention and expansion. It also provides job creation grants, capital investment grants and other incentives for businesses seeking to expand in Odessa.

ODC is a tax-supported Type A Economic Development Corporation whose primary income is from sales tax collected within the corporate limits of the City of Odessa (“Odessa”) and dedicated exclusively to economic development. The sales tax supporting ODC is authorized as a local option under Chapters 501-507 of the Texas Local Government Code, also referred to as the Development Corporation Act and was adopted by the voters of Odessa in November 1997. ODC exists for the primary and public purpose of developing, stabilizing, diversifying, and expanding the Odessa economy through retention, expansion, and recruitment of employment opportunities in order to benefit citizens of Odessa and the surrounding area.

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