Loss of Reagor-Dykes Chevrolet in Floydada a potential financial pitfall for city
There are three kings in Floydada: "It's cotton, pumpkins, and Reagor-Dykes," said Floydada Chamber of Commerce Manager Kortney Debock.
The latter of those employs around 20 townspeople and accounts for a chunk of the city's budget.
"Auto registration, about 50 percent there which we just came up with is about $200,000 of revenue and that's about 3.7 percent of our counties overall budget," Debock said.
Mayor Bobby Gilliland said if the Chevy dealer in town if forced to close the impact will be felt by everyone.
"It covers a lot, quite a lot of different things," Gilliland said. "Not only donations within the community but the people that work there and we have citizens in our community that are going to lose their jobs and it's going to make a big impact."
The bankruptcy filings are already affecting this years annual Punkin Days Festival.
"To lose that money, we lose money from every fundraiser, every event," Debock said. "They're always the highest donor, um, you know they buy the biggest auction item and for us they give us a lot of money to put on an event for 15,000 people. We're now having to scramble and find that money within two months."
Despite the looming financial pitfalls she said this is not the first time the folks of Floydada have been up against it, and both she and the mayor are optimistic this is only a minor set back to the towns growth.
"We're tough. We've got a lot of grit here," she said.
The hope is another dealership will fill the space if Reagor-Dykes is unable to continue in the town.