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
  • Police Report Incidents reported to police include: Danville Tuesday: Theft of $46.70 in gas from Circle K, 121 S. Gilbert St. Theft of a license plate sticker in the 900 block of Hubbard Lane. Wednesday: Possession of alcohol in a vehicle in the 2400 block of Ca

    April 18, 2014

  • translate4.jpg In translation DANVILLE — With the help of a Japanese exchange student, the Vermilion County War Museum staff has a better understanding of some of its items.

    April 18, 2014 3 Photos

  • Proposed school standards reviewed Proposed school standards reviewed The Associated Press

    April 18, 2014

  • Elementary students to tackle math problems DANVILLE -- First-graders from all eight of Danville's elementary schools will tackle story problems, progressive computation, multiplication, fractions and even algebra at the third annual Danville District 118 First-Grade Math Challenge next week.

    April 18, 2014

  • Arena sells autographed posters on eBay DANVILLE - Want a piece of history from the David S. Palmer Arena? Several autographed posters are up for eBay auction right now from artists who've performed through the years at the arena. There are posters signed by Jason Aldean, Rodney Carrington

    April 18, 2014

  • Fire Calls Firefighters responded to the following calls: Wednesday, 10:18-10:39 a.m. -- A false alarm at 1900 E. Main St. Wednesday, 12:02-12:14 p.m. -- A medical call in the 100 block of South Gilbert Street. Wednesday, 7:55-8:02 p.m. -- A medical call

    April 18, 2014

  • Bomberger, Ryan.jpg Women's clinic helps 'one child at a time' DANVILLE — Music, testimony and updates are on the agenda at the Women’s Care Clinic’s annual Banquet for Life fundraising dinner.

    April 18, 2014 1 Photo

  • Night of Strings tonight

    April 17, 2014

  • Egg hunt set for Carver Park

    April 17, 2014

  • County to improve portion of Perrysville Road DANVILLE -- Perrysville Road will be the focus of roadwork by Vermilion County Highway Department crews this year. The Vermilion County Board approved a resolution this week to fund the county's portion of the project, which will stretch southeast fr

    April 17, 2014

E-edition
AP Video
Deadly Avalanche Sweeps Slopes of Mount Everest Police Arrest Suspect in Highway Shootings Drought Concerns May Hurt Lake Tourism Vermont Goat Meat Gives Refugees Taste of Home Calif. Investigators Re-construct Fatal Bus Cras Mayor Rob Ford Launches Re-election Campaign Appellate Court Hears Okla. Gay Marriage Case Author Gabriel Garcia Marquez Dead at 87 Beau Biden Plans 2016 Run for Del. Governor Chelsea Clinton Is Pregnant Horseless Carriage Introduced at NY Auto Show Obama Hopeful on Ukraine, Will Watch Russians Flamingo Frenzy Ahead of Zoo Construction Crew Criticized Over Handling of Ferry Disaster Agreement Reached to Calm Ukraine Tensions Raw: Pope Francis Performs Pre-easter Ritual Boston Bombing Survivors One Year Later Sister of Slain MIT Officer Reflects on Bombing
NCAA basketball
NDN Video
Funny: Celebrating Easter with Martha Stewart and Friends Chelsea Clinton Announces Pregnancy Man Accuses 'X-Men' Director Bryan Singer of Sexually Abusing Him As a Teenager Lea Michele & Naya Rivera Feuding? Man hit with $525 federal fine after he doesn't pay for soda refill Jabari Parker declares for the NBA draft Singing Nun Belts Out Cyndi Lauper New West, Texas Explosion Video Swim Daily, Throwback Thursday Don't Be A Tattletale: Bad Bullying Tips For Students The trillest thoughts on marijuana "RHOA" Star Charged With Battery Grizzly Bears Get Snowy Birthday Party Weatherman draws forecast when another technical glitch strikes WGN Elizabeth Olsen's Sexy Shoot Bay Area Teen Gets Prom Date With Help From 'Breaking Bad' Star Boston Bomb Scare Defendant Appears in Court Behind The Tanlines Jersey Strong Part 1 WATCH: Women Fight To Marry Prince Harry! Jenny McCarthy Engaged to "New Kid"
Must Read