This week, the Forsyth County Development Authority took the first steps toward expansion of a south Forsyth e-commerce company.
At their meeting on Thursday morning, the development authority took the first steps to authorize amending revenue bonds from $20 million to $24 million for the expansion of Sports Warehouse, a California-based company that brought its east coast hub to Forsyth County in 2017.
David Seago, the development authority’s chairman, said the change was small but took a lot of legal work.
“It really doesn’t mean anything as far as commitment,” Seago said in reference to the inducement resolution for the amendment. “It just means that we approve with going forward.”
Seago said the approval was more significant for Sports Warehouse as it allowed officials with the business to start working on the expansion.
CEO Drew Munster said the company wants to build on eight acres on Bluegrass Lakes Parkway. Completion of the new project is expected in 2021.
The development authority and Forsyth County Commissioners approved an inducements resolution, the first step toward a bond for property tax abatement, for the company, in 2017.
The company, coined as a “global retail supplier of sports and outdoor equipment,” also does business as Tennis Warehouse, Running Warehouse, Tackle Warehouse, Skate Warehouse, Inline Warehouse, Ice Warehouse, Derby Warehouse, Riding Warehouse, Art’s Cyclery, Racquetball Warehouse and Total Pickleball.