Title/Name/Summary
Request for Sales Tax Inducement Agreement - CJ Wilson Mazda of Orland Park
History
CJ Wilson Mazda has approached the Village of Orland Park requesting a sales tax inducement agreement as they are considering relocation of the existing Mazda Dealership in Tinley Park to Orland Park. CJ Wilson Mazda is in the process of purchasing the existing franchise and is considering relocation of the dealership to the former Mitsubishi location at 8910 West 159th Street (next to Volkswagen). This location has been vacant for a number of years and is an excellent location for this use.
The Wilson Automotive Group owns and operates CJ Wilson Mazda of Countryside, BMW Motorcycles of Countryside, KTM of Countryside, and Husqvarna of Countryside. They are the owner/principal of CJ Wilson Racing and CJ Wilson Children’s Charities. In addition to their anticipated expansion into Orland Park, they are also opening another Mazda dealership in Ventura, California.
CJ Wilson is requesting a sales tax inducement agreement to complete the purchase, relocation and renovations required. They have requested a 50% sales tax sharing agreement for 7 years for a total of $2 million, whichever comes first. They anticipate 39 new jobs will be brought to Orland Park and they will have $5 million in monthly car inventory. They anticipate their 2014 annual property taxes paid will be $145,810 ($10,207 Village share). The desired timeframe is to close on the dealership purchase and be open in Orland Park by the end of May.
Total Estimated Project Cost
Dealership Purchase $1,000,000
Lease/Purchase of Property $4,500,000
Capital Improvements/renovations $1,000,000
Moving Costs $250,000
Total $6,750,000
Anticipated Sales/Tax Revenue (1%)
2014 (Partial) $10million $100,000
2015 $25mllion $250,000
2016 $30million $300,000
2017 $35million $350,000
2018 $40million $400,000
2019 $50million $500,000
2020 $50million $500,000
Total $190millio...
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