Pizza Hut is packing up the moving vans to move its headquarters about ten miles up the Dallas North Tollway, leaving Addison behind and moving to Plano.
Last night, the Plano city council okayed tax breaks worth one-and-a-third million dollars, a half-million in relocation expenses and a quarter million in cold cash for things like permit fees and building inspection costs. Pizza Hut's headquarters signage has been a fixture along the Tollway near Prestonwood Shopping Center for 14 years. It's expected that the Pizza Hut home offices will go up in Legacy Business Park near some other heavyweights like Hewlett-Packard, Fritio-Lay and JC Penney.
Addison leaders are downplaying the loss of Pizza Hut's 500 jobs although City Manager Ron Whitehead acknowledges they'd like the company to stay but they understand it's hard for executives to turn down the incentives Plano is making available.
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