The Commercial-News, Danville, IL

Local News

April 20, 2013

Another national retailer looking at mall

DANVILLE — Members of the city council’s Public Services Committee will consider approving a redevelopment agreement Tuesday night with T Danville Mall, LLC, owner of the Village Mall.

Mayor Scott Eisenhauer said the sales tax incentive agreement is for “a very well-known national retailer that is not in this market” and citizens have expressed interest in seeing the store locate here.

He said the city might be able to announce the store next week.

The store will fill a large anchor space in the mall, 50,000 square feet of space.

Large anchor space empty at the mall is the former Steve & Barry’s space on the back side of the mall. That store closed in 2008. The mall had tried to market the space for office space.

Eisenhauer said the agreement with the mall owners is a straight 50 percent sales tax rebate for five years.

The city would receive 50 percent of the sales tax generated from the store, while the mall would receive the other 50 percent of sales tax revenue generated by the store for the five-year period.

The agreement calls for a seven-year lease and there are clawback provisions in place, Eisenhauer said. The mall will be able to assist with redevelopment of the space and pass on rent reductions, he said.

The agreement calls for the store to be operational by March 2014, but Eisenhauer said store officials want to see the store open sooner.

Eisenhauer said having the large anchor space in the mall empty has been a detriment to bringing other businesses into the mall.

By filling the space, it is hoped more businesses will find the mall attractive to locate there too, he added.

In other business Tuesday, the committee will consider:

Approving an agreement for electrical aggregation supply and approving an electrical aggregation program plan of operations and governance.

Now that the referendum passed, state statute requires the city pass certain documents, Eisenhauer said.

There will be public meetings at 3 p.m. and 6 p.m. May 7 on the government electrical aggregation opt-out program at city hall.

Danville’s electrical rate will be bid out with a group of other communities all represented by consultant Good Energy also in May.

Discussing and possibly taking action on establishing an incentive package for employment separation for city employees.

City officials were still reviewing a survey of city employees interested in retiring and if it makes financial sense for the city.

One year of 100 percent health insurance costs or 50 percent health insurance costs for two years was being offered to employees to consider as a separation package for the city to save money in personnel costs.

Authorizing the sale of various equipment through city auction.

Coming up

The city council’s Public Services Committee will meet at 6 p.m. Tuesday at the Robert E. Jones Municipal Building, 17 W. Main St.

1
Text Only
Local News
  • School sign-up begins

    July 29, 2014

  • CRIS offers breakfast

    July 29, 2014

  • Police, Fire Reports

    July 29, 2014

  • NWS-CN 07-20 Foster mug County clerk on hunt for general election judges DANVILLE — The Vermilion County Clerk’s office is looking for a few good men and women for this year’s general election.On Thursday, Vermilion County Board members certified the county’s first group of election judges for the November general electio

    July 29, 2014 1 Photo

  • NWS-CN 07-29 Talking photo Report: Medicare looking better WASHINGTON — Medicare’s financial future is looking brighter despite a growing wave of baby boomers reaching retirement.Getting relief from a slowdown in health care spending, the program’s giant hospital trust fund won’t be exhausted until 2030, the

    July 29, 2014 1 Photo

  • Police Reports Incidents reported to police include:DanvilleFriday:Battery and obstructing an officer in the 1600 block of East English Street.Burglary at The Juke, 1214 E. Main St.Saturday:Theft in the 1500 block of Oak Street.Vehicle burglary in the 100 block of

    July 29, 2014

  • Two hurt in weekend shootings in Danville DANVILLE — Two victims are listed in good condition following a pair of weekend shooting incidents in Danville.Danville Director of Public Safety Larry Thomason confirmed the shootings, which took place around 8:15 p.m. Friday and just before 5 a.m.

    July 29, 2014

  • Fire Calls Firefighters responded to the following calls:Saturday, 10:08-10:23 a.m. — A medical call in the 200 block of Delaware Avenue.Saturday, 10:47-10:54 a.m. — Assist Medix in the first block of East Harrison Street.Saturday, 11:37-11:49 a.m. — A medical

    July 29, 2014

  • Library sets program for Farmers' Market

    July 28, 2014

  • Reception celebrates truck

    July 28, 2014

E-edition
Spring 2014 Photos


Buy these photos and more via Smugmug

AP Video
US Ready to Slap New Sanctions on Russia Kerry: Not Worried About Israeli Criticism Boater Rescued From Edge of Kentucky Dam Girl Struck by Plane on Florida Beach Dies Rodents Rampant in Gardens Around Louvre House to Vote on Slimmed-down Bill for Border Looming Demand Could Undercut Flight Safety Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming Traditional African Dishes Teach Healthy Eating
NDN Video
Weird 'Wakudoki' Dance Launches Promotional Competition Two women barely avoid being hit by train Chris Pratt Adorably Surprises Kids at a 'Guardians of the Galaxy' Screening Chapter Two: Designing for Naomi Watts NOW TRENDING: Peyton Manning dancing at practice "The Bachelorette" Makes Her Decision Thieves pick the wrong gas station to rob Golden Sisters on '50 Shades' trailer: 'Look At That Chest!' Staten Island Man's Emotional Dunk Over NYPD Car - @TheBuzzeronFOX GMA: Dog passes out from excitment to see owner Baseball Hall of Famers Inducted 'Hunger Games: Mockingjay Part 1' Sneak Peek Florida Keys Webcam Captures Turtles Hatching Morgan Freeman Sucks Down Helium on 'Tonight Show' Robin Wright Can Dance! (WATCH) She's Back! See Paris Hilton's New Carl's Jr. Ad Big Weekend For Atlanta Braves In Cooperstown - @TheBuzzeronFox Chapter Two: Becoming a first-time director What's Got Jack Black Freaking Out at Comic-Con? Doctors Remove 232 Teeth From Teen's Mouth
Must Read