Special to The Gardner News
A funding agreement with Super Market Developers Inc. was approved at the Aug. 19 council meeting as a first step in a project that includes construction of a new Price Chopper store, remodeling the old Price Chopper property into new retail spaces and the creation of additional lots for retail and restaurants.
Mathew Wolff, the city’s senior management analyst, told the council that Super Market Developers Inc., will make an initial $20,000 as a retainer for the city to begin the evaluation of the developer’s incentive requests.
“The project may involve a TIF district, a community improvement district (CID) and IRB’s which offers a sales tax exemption on the purchase of building materials,” he said.
Under the agreement, the city will retain administrative and professional staff, outside counsel and consultants to evaluate the requests and ensure the project is in the best interest of the city.
According to Wolff, the city has contacted the school district and Fire District 1 about the proposed project and plans to keep the two entities informed on how the project may impact them.
“The proposed project will increase the tax base, add jobs to the community and is aligned with the council’s top strategic priority of promoting economic development,” he said.
At the Aug. 6 meeting Larry Powell, business and economic development director, told the council Aug. 6 that the new facility would be built behind the Quik Trip location.
Price Chopper has filed an application with Gardner for a new store, to be about 67,000 square foot.
The new store will be “turn-key” with no delay between the closing of the existing Price Chopper. According to Powell, the existing store will be remodeled and leased.
Price Chopper to build new store