The Bloomington City Council will consider approving economic incentive packages for the retention and expansion of both Kroger and Sam Leman Toyota. Kroger has said it will close its store in Landmark Mall in Normal after completing a new "Marketplace" store in Bloomington near College Avenue and Susan Drive.
Town staff is recommending moving ahead with a 10 percent rebate in local sales taxes for ten years of Kroger's total investment, which is now estimated at 24.5 million dollars. The construction completion date has been moved back to late 2018.
The sales tax incentive plan for Sam Leman Toyota would be roughly $700,000. The dealership plans to spend nearly 8 million dollars to expand to south of the Morrissey Crossing Shopping Center.
The council tonight will also hear a presentation and discussion of the city's Facilities Management Draft 5-Year Capital Improvement Plan. In a special session before the regular meeting, council members will consider reducing the speed limit along Hershey Drive between Ft. Jesse Road and Rainbow.