Business Comings 'n Goings
Business Comings & Goings: Orland OKs Tax Sharing With Mercedes Dealership
Orland Square Mall will open its doors at midnight Thanksgiving night • Gas station fight continues in Tinley • Homer Glen Kmart to close • New liquor licenses for two Orland Park businesses • Hostess outlets close
Orland Park officials earlier this month approved a tax-sharing plan with Mercedes-Benz of Orland Park to help offset the cost of expanding the dealership into the neighboring former BMW dealership that moved into its new home at 159th Street and Wolf Road over the summer. The deal will give the village the first $264,532 in sales taxes generated by the dealership each year for the next five years. The village and dealership will split any additional sales taxes above that amount for five years or until the dealership has collected $453,690. The Mercedes dealership wants the additional space for a showroom for two new lines it will begin carrying: the Smart car and a Mercedes commercial van. The dealership says the expansion will create …
In this Article:
