February 8, 2023

Palatine council approves program for 8th new vehicle dealership in town

It really is formal — Palatine will be welcoming its eighth new car dealership future yr, offered design can take place on timetable.

The village council on Monday night time gave its Alright to amending the Napleton prepared progress on Rand Road — which by now consists of Napleton Mazda and Napleton Subaru — to accommodate a new Volkswagen dealership that will be transferring to Palatine from Mount Prospect.

The new dealership will be housed in a new 16,000-sq.-foot creating on a 3.2-acre web site at 1979 N. Rand Street.

The dealership strategies to utilize 35 folks and will have a showroom together Rand Highway and a service and components office in the rear. Its several hours will be from 8 a.m. to 8 p.m. Monday as a result of Thursday, 8 a.m. to 7 p.m. Friday, and 8 a.m. to 6 p.m. Saturday.

“We are pleased to add yet another superior-quality new automobile dealership to the Rand Street corridor,” Village Supervisor Reid Ottesen claimed Monday.

The Mazda and Subaru dealerships opened past calendar year, and a 3rd dealership was often planned as section of the Napleton enhancement.

The plan commission encouraged acceptance of the program for the Volkswagen dealership at its meeting June 15.

The Palatine web page is at present residence to seasonal functions for Knupper’s Flower & Back garden, whose season ends June 30. The 90-calendar year-previous small business, purchased by the Napleton family members in 2018, hopes to shift nearby on Rand Street, a business representative reported before this thirty day period.

Volkswagen of Mount Prospect is operated by Weck Car Group, or WAG, whose President Charles Weck mentioned he worked for a lot more than a few a long time as main running officer for Steve Napleton, who owns various dealerships which includes in Palatine.

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Weck informed the council he is “fired up” to move the Volkswagen dealership to Palatine.

The village council on Monday licensed Ottesen to execute a redevelopment agreement for the residence with the developer. Less than the settlement, the task should be completed by Dec. 31, 2022, and the village will use no far more than $1 million in tax-increment financing money to reimburse the developer for suitable expenditures.

Council customers also permitted a resolution in aid of the developer applying for 7c tax classification in Cook County. Usually, the home would be assessed at 25% of its industry benefit. With 7c tax classification, the house would be assessed at 10% of its marketplace benefit for the initially a few yrs, 15% for the fourth 12 months, and 20% for the fifth 12 months.

Weck claimed previously this month that, if all goes efficiently, he hopes to split ground in Palatine before the end of the calendar year.