Crystal Lake OKs tax incentives for dealership
CRYSTAL LAKE – The City Council has inked a sales-tax incentive deal worth up to $1 million to help a car dealership branch out to a vacant facility in the city’s Route 14 corridor.
The agreement with Anderson Motor Co. to expand its BMW, Mazda and Volkswagen dealership was approved at a meeting Tuesday.
Anderson Motors has purchased the vacant Extreme Ford dealership at 5213 Route 14, where it will sell Volkswagens only. The dealership will raze the building and put up a new 34,140-square-foot sales and service facility. Anderson plans to spend $6.4 million – $2.4 million to buy the property and $4 million to renovate it.
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