A Dollar General store is planned for a shopping center proposed for the intersection of Illinois 161 and Sullivan Drive in Belleville.
Construction on the discount store could begin in October and the store could be open early next year, according to Bob Elkan, president of the Westmore Group Inc. in St. Louis.
Elkan said Dollar General will lease the building in the shopping center planned for six acres located just east of Sullivan Drive and north of Illinois 161. Plans for the store are expected to be presented to the city’s Planning Commission next month.
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Dollar General has over 13,600 stores in 44 states.
The Belleville City Council has granted the shopping center developer, Doug Martin of the Marco Investment Group LLC in Belleville, a property tax rebate worth an estimated $19,406 a year for four years for a total of $77,624 for the first building on the site.
If other buildings are constructed on the site, Martin could be eligible for additional property tax rebates if those are built within the next four years, according to a development agreement approved by aldermen.
In exchange for the rebate, Marco Investment must invest at least $1.18 million on the project, create three to five jobs in the first year of operation, commit to producing $1 million in annual sales revenue subject to sales tax and remain in operation of the site for at least 10 years, according to the development agreement.
If Martin does not meet these responsibilities, he must repay the city the property tax rebates he received, according to the penalties clause of the development agreement.
Martin wants to develop two or three other retail lots on the site but tenants for those lots have not been announced.