Recent Posts

Pages: 1 2 [3] 4 5 ... 10
21
Local Area Business / Re: Tony's coming to Berwyn
« Last post by Cermakplaza on March 14, 2018, 08:24:39 AM »
According to Mayor Hermanek: "Pete's Fresh Market reportedly had expressed some interest, as had Cermak Produce, which was a competitor Tony's did not want so close by."
22
Local Area Business / Re: Tony's coming to Berwyn
« Last post by Ted on March 14, 2018, 08:13:28 AM »

 Here was a statement from Scott Lennon on Berwyn Cool Kids:

  "Pete's was approached and they declined. The building was owned by Meijers and the land is owned by the plaza. Marianos, Shop & Save, Caputos and many others were approached too. Meijers had an incentive when they opened and now Tony's has one too. Meijers couldn't make it at $25 million a year, Tonys will be $40 million plus a year. 60% of their customers come from Berwyn."
23
Local Area Business / Re: Tony's coming to Berwyn
« Last post by Ted on March 14, 2018, 08:04:57 AM »

 It was also stated on Facebook from someone else involved in the BDC that no one else wanted that space - thus the incentives.

 It was also stated on Facebook that Pete's would move to Cermak Plaza only if they could have all the retail space on the south end of the plaza. 

  Not surer if any of these statements are true given they are being given by people involved in the BDC who are defending the decision on Facebook.

FYI, yesterday the Berwyn City Council voted to approve the incentives package.

  Finally, I do not know how much in sales tax or property tax Cermak Plaza generates but a park would generate no revenue, which would have to be made up for in some way.
24
Local Area Business / Re: Tony's coming to Berwyn
« Last post by markberwyn on March 13, 2018, 03:49:38 PM »

  Is it better to have the Meijer's location empty or to have someone occupying the space?  I think that is one question that has to be asked.

  The incentive package is that Tony's receives back 50% of the 1% of the sales tax that goes to the city of Berwyn, up to 5.3 million.  I am not sure how much sales tax Tony's generates per year or what total sales is per year in that location.

  It was stated on Facebook that Pete's did NOT want that location in Cermak Plaza because it was too small.

Fair points, but they raise two other questions for me:

* At what point does having a tenant for its own sake negate the value of having an occupant? It would be good to know what the overall tax revenue is after the subsidy. One suspects that it's not a lot in any given year, given the length of the incentive package. Presumably the city is considering other benefits that may redound to store, like foot traffic or the secondary businesses that serve the supermarket (shipping, equipment, and so on). There's no guarantee, though, that those are a) substantial dollars or b) dollars that come from or stay in Berwyn.

* Why does this space need to exist? At this point, the Service Merchandise space has been vacant for about half my life, and retail no longer looks like the model that the Harlem-Cermak Plaza was built on: An outdoor strip mall with one or two biggish anchor stores. Those "biggish" retailers like Circuit City and Best Buy are going the way of the dodo, and more strip malls highlight either ginormous Home Depots or smaller boutiques. (Everything else you can get from Amazon.) So why not tear down that "biggish" space you have such a bitch of a time filling and make smaller retail spaces out of it, or make it into a courtyard, or a park, or an arts center, or something. Something people actually want. What I know about commercial real-estate development wouldn't fill a thimble, but presumably the BDC has access to plenty of progressive ideas about what some of those things might be. Better that than effectively giving businesses money to occupy a space.
25
Local Area Business / Re: Tony's coming to Berwyn
« Last post by berwyn senator on March 13, 2018, 11:39:41 AM »
I feel more people should come back to Berwyn Talk! Plenty of residents are not on Facebook,and there is no newspaper in Berwyn.
26
Local Area Business / Re: Tony's coming to Berwyn
« Last post by Cermakplaza on March 13, 2018, 09:01:47 AM »
 "It was stated on Facebook that Pete's did NOT want that location in Cermak Plaza because it was too small."

That's a strange reason by Pete's, because they are opening stores in the 75.000 sf range and this store is over 90,000 sf...

Happy we are getting a grocery store, but really would have been nice to have Pete's...
27
Local Area Business / Re: Tony's coming to Berwyn
« Last post by Ted on March 13, 2018, 07:18:24 AM »

  Is it better to have the Meijer's location empty or to have someone occupying the space?  I think that is one question that has to be asked.

  The incentive package is that Tony's receives back 50% of the 1% of the sales tax that goes to the city of Berwyn, up to 5.3 million.  I am not sure how much sales tax Tony's generates per year or what total sales is per year in that location.

  It was stated on Facebook that Pete's did NOT want that location in Cermak Plaza because it was too small.

  As for property taxes, Cermak Plaza is now in a TIF district, so any increase in property taxes due to increased property value will not go to the schools or park district, or the city for that matter.
28
Local Area Business / Re: Tony's coming to Berwyn
« Last post by markberwyn on March 12, 2018, 12:25:35 PM »
I'd love to hear somebody who's smart about retail explain to me how this is a good deal for Berwyn. The city punts on decades worth of sales taxes for the sake of a nominal number of high-turnover jobs, which many not necessarily be taken by Berwyn residents. (A commenter mentions property taxes, but those are being paid by the H-C Plaza's owners anyway, right?) Maybe the store is a big generator of foot traffic to the plaza; if so, presumably the city has those numbers near at hand. (But then, Meijer's obviously wasn't a success, so...)

Some BDC patter says that the Plaza is the number-one driver of tax revenue for the schools and parks. So the next time you hear a resident start up with the "lowuh muh taxes!" bellyaching, tell them that maybe the problem is with the city coming up with giveaways like the one Tony's is getting.
30
General Discussion / Re: dogShit left in front of our house!!!!!
« Last post by berwyn senator on March 10, 2018, 10:31:40 AM »
Loose dogs will deal with the animal control! If you are a dog lover then air it out on your own property!!!!!!!
Pages: 1 2 [3] 4 5 ... 10
works