To stay open, sole supermarket wants tax break.(Neighbor)

0 Comments | Daily Herald (Arlington Heights, IL), March, 2001 | by Buck, Graham

Byline: Graham Buck Daily Herald Staff Writer Prospect Heights' lone supermarket, a Dominick's Finer Foods in the Prospect Crossing shopping center, is losing $25,000 a week and threatening to shelve its operations unless it gets a tax break from the city. The supermarket is asking the city for a 50 percent sales tax rebate that would not exceed $90,000 each year.

The tax break, together with a reduction in the price of its lease and a new, aggressive marketing campaign should keep the supermarket's doors open for the near future, said Michael F. Mallon, vice president of real estate for Dominick's. But Prospect Heights officials are balking at the proposal, in large part because the supermarket chain is unwilling to guarantee how long it will be able...