Downers Grove Approves Sales Tax Rebate Agreement with Aston Martin Dealership
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 …
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