El Pasoans who have ever wondered what it’s like to fly, are about to have their dreams come true. The indoor skydiving experience, iFLY, will call Montecillo Smart Growth Community its new home.
iFLY, the company that invented modern indoor skydiving, is making the dream of flight a reality in a safe and reliable environment. Their first indoor skydiving facility opened in 1999 in Orlando, Florida; now iFLY now boasts 72 locations around the world in the U.S., Canada, Europe and Asia.
To see exactly how the iFLY experience works, click here.
The iFLY experience adds to the growing list of entertainment, nightlife and shopping options available at El Paso’s first Smart Growth Community, including Top Golf, Alamo Drafthouse Cinema and TI:ME shopping center.
For their part, the officials with the City of El Paso shared their excitement with the new addition to the Sun City’s entertainment venue roster.
“This is an exciting time for El Paso. The past few years we have been strategically working on tourism destination,” City Manager Tommy Gonzalez said. “Attracting entertainment and destination retail companies, such as TopGolf and now iFly, which appeal to our residents and visitors shows we are achieving that vision. We are strengthening our economic base, which is essential to providing relief to our residential taxpayers.”
The City’s incentive package for iFly provides $162,863 in sales tax rebates over a 3-year period in exchange for the company’s approximately $12 million investment in El Paso. The company will create 30 jobs when it opens at Montecillo in 2019.
According to city officials, the tax revenues projected to be generated by this project will “far exceed its tax rebates…over a period three years, this project should produce approximately $659,111 in property tax revenue for local taxing entities.”
“The City is cultivating business relationships to attract new companies and grow existing ones to improve the community’s standard of living and increase prosperity,” City of El Paso Economic and International Development Director Jessica Herrera said. “Creating an environment conducive to strong, sustainable economic development is key to increasing the number of high-paying jobs, lowering unemployment rates, and reducing its dependency on residential taxpayers.”
Herrera added that her economic development team is diligently working on incentive proposals to encourage development across El Paso in places such as the Eastside, Westside, Central, Mission Valley, and Northeast. For example, the Cohen site in Northeast will be home to a multi-use development that will include restaurants, retail, recreational areas, among other features.
When iFLY opens at Montecillo in 2019, El Paso will join other regional cities like Phoenix, Denver, Dallas-Fort Worth, Austin and San Antonio as home to a world class indoor skydiving facility.
To learn more about iFLY visit their website.