The DeKalb city council will consider a request for a $150,000 sales tax rebate from Lincoln Highway LLC which, according to a Daily Chronicle report, is a trust owned by the Hinsdale-based JSQ Commercial. Lincoln Highway LLC owns the property on the southwest corner of W. Lincoln and Annie Glidden that CVS/Pharmacy received approval for a special use permit for demolition and to build a new store. That location currently is home to Molly’s and The Bottle Store.
Thomas Murphy, on behalf of Lincoln Highway LLC, has indicated that he will cancel the sale without a sales tax rebate of $150,000. That would leave CVS looking for another location (maybe they would offer $1.5 million for the land purchased for the police station site). It could leave Shawn and Kutjime Redzepi, who are in the process of purchasing Molly’s from Lincoln Highway LLC, with plans to relocate to another vacant building on the west side hanging.
According to the minutes of the April 11 city council meeting:
[…] Ald. Teresinski asked if the CVS project is contingent on the current tenants relocating. Mr. Biernacki replied that is not a condition of the permit, but staff is aware the sale of the property is contingent on Molly’s and The Bottle Store relocating.
Mr. Mike Haaning, CVS Representative stated that their contract has no contingencies with the seller. Ald. Teresinski inquired if CVS is requesting any economic assistance from the City. Mr. Haaning replied that CVS will not ask for this from the City. Mr. Biernacki stated that the current land owner advised him that the sale was contingent on finding another location for Molly’s and The Bottle Store as well as economic assistance from the City. Mr. Haaning repeated that CVS has no contingencies. […]
Call the bluff.
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