Hutto to Welcome New Academy Sports + Outdoors Store in 2023-24
Academy Sports + Outdoors, one of the leading sporting goods retailers in the United States, is set to open its eighth store in the Austin area soon. According to recent announcements made by the city of Hutto, the new store is expected to be located in Townwest Commons and open in late 2023 or early 2024. The city has projected the store to have a minimum annual revenue of $15 million, which will increase to $20 million annually. The store is expected to bring in at least $225,000 per year in sales tax revenue.
Expansion Plans and Impact on Hutto
The addition of Academy Sports + Outdoors and other companies such as EVO Entertainment Group to Hutto’s growing business landscape is a further indication of the city’s growth and expansion in recent years. The store will offer employment opportunities for local residents, boosting the city’s economy and job market. Additionally, it will provide more shopping options for Hutto locals.
Other Developments in Hutto
The Townwest Commons plaza currently features several businesses, including Lowe’s, Walgreens, and the Hutto YMCA. Meanwhile, EVO Entertainment Group plans to open a cinema in Hutto in early 2024, which will offer a bowling alley, a gaming complex, and other experiences. According to Austin Alvis, the president of NewQuest Properties, the developer of Townwest Commons, construction for the new Academy Sports + Outdoors store is expected to commence in April.
The projected opening of Academy Sports + Outdoors in Hutto is welcome news for sports enthusiasts and residents alike. With the store’s growth projections, the city of Hutto can expect a boost in its revenue and employment opportunities. This is just one of the growing list of confirmations of Hutto’s position as a major business and economic hub in the United States.