Lisle board backs tax incentive for Heritage Harley dealership.(News)

0 Comments | Daily Herald (Arlington Heights, IL), November, 2001 | by Pyke, Marni

Byline: Marni Pyke Daily Herald Staff Writer Lisle officials endorsed a sales tax incentive deal for a Harley Davidson dealership Monday, although some were reluctant to go the whole hog. The owners of Heritage Harley Davidson at 2595 Ogden Ave. intend to expand the property by about 60,000 square feet.

The renovations will allow the dealership to add more motorcycles to its inventory and potentially double sales, Economic Development Director Bob Muzzarelli said. Heritage's annual sales last year were about $9.6 million. The expansion is expected to add 25 to 30 new jobs, owner Lee Mattes said. Under the 10-year deal, the village would rebate 75 percent of sales tax revenues that surpass $73,956 for three years. For the remaining seven years,...