Frank Downing Jr., president of Towne Automotive, said his dealer group has to take the risk of building a $1.9 million dealership before receiving any tax breaks, and will end up generating more tax revenue and hiring more people.
expects to create 11 permanent jobs in connection with the new dealership, including two new jobs at its BMW dealership, with projected income before benefits of $463,000, Downing
The IDA assistance is a good thing, for that gave us another reason to want to pursue the project, Downing
Without it, it would have been another reason to just keep Mini where it is and not build [the new dealership].
And if we didnt build, how does that help enhance the area and generate more tax revenue?
is not required to build a standalone Mini store only if the planned store volume was more than 500 units.
Towne Mini is far below that volume, but wants to increase its vehicle allocation and needs a standalone store to do so.
The decision to build, or not build, for Mini is ours alone, and the IDA incentive was one of the reasons we wanted to move forward with the project, he