O'Brien Automotive plans new dealership in Normal with town tax breaks
A car dealership in Normal plans to make a $7 million addition and could get tax breaks to do it.
The Normal Town Council will take up the proposal involving O'Brien Automotive on Monday. Under the plan, O'Brien would build a Genesis dealership in a parking lot between its existing Mitsubishi dealership and Goodwill Industries on Landmark Drive.
Town staff said under the standardized business expansion incentive package adopted by area governments earlier this year, O'Brien would qualify for a maximum of $850,000 in property tax rebates over seven years.
Documents prepared for the town council indicate the benefit to the town is business expansion and an increase in commercial land values. O'Brien would only qualify for the tax breaks if revenues from the new dealership are more than $435,000 per year, and if it does not move the dealerships for seven years.
O'Brien also has informed the town it plans to switch its dealerships around. Mitsubishi would go to O'Brien's Greenbriar Drive location, and Hyundai would relocate from Greenbriar to the existing Fort Jesse Road site.