The high-end dealership, 217 Ogden Ave., is expected to generate an additional $185,000 in revenue for the village each year.
The Village of Downers Grove recently approved a sales tax rebate agreement that will keep the new Aston Martin dealership at its Ogden Avenue location for the next 15 years. The village council voted unanimously at its Nov. 6 meeting to approve a contract with Napleton's Aston Martin of Chicago, 217 Ogden Ave., that promises a 50-50 split of the dealership's sales tax revenue after the first $3 million. Michael Cassa, president of the village's Economic Development Corporation, said the rebate is part of what attracted Napleton Auto Group to Downers Grove. "Changes in the automotive industry have resulted in fewer dealerships and more competition among communities for those dealerships," Cassa said. "The village and the Downers Grove …
Village officials will consider a sales tax rebate agreement with the high-end dealership, 217 Ogden Ave., which is expected to generate an additional $185,000 in revenue for the village each year.
Village officials will consider a sales tax rebate agreement with the high-end dealership, 217 Ogden Ave., which is expected to generate an additional $185,000 in revenue for the village each year.
The high-end, British auto manufacturer Aston Martin is set to open a new dealership in Downers Grove, pending the village's approval of a sales tax rebate agreement. Michael Cassa, president of the Downers Grove Economic Development Corporation, announced during Tuesday night's village council meeting that Napleton's Aston Martin of Chicago will take over the former True SAAB property at 217 Ogden Ave. The dealership will be Aston Martin's second in the Chicago area; the other, Lake Forest Sportscars, is located in Lake Bluff. During the council meeting, Cassa presented a resolution to enter into a sales tax rebate agreement with the dealership, which is expected to generate an additional $185,000 in sales tax revenue for the village each…
Ray
11:15 am on Friday, October 19, 2012
Nice, if you can find a good-fitting luggage rack for it! Any word on the new 90mph speed limit on Cumnor they're asking for? more ›