Palatine village council members approved plans this week for the remodeling and expansion of the McGrath Kia dealership on Dundee Road, and recommended that Cook County grant the dealership a five-year tax break.
Palatine village council members approved plans this week for the remodeling and expansion of the McGrath Kia dealership on Dundee Road.
Council members also recommended that Cook County grant the dealership a 7C property tax incentive. The incentive, which lowers the assessment of the property for five years, would offset some of the project's expense, said Palatine Community Development Director Mike Jacobs. The Cook County Board will make the final decision on whether to grant the site a 7C incentive. If approved, the property's assessment will be reduced to 10% of fair market value for first three years, 15% for the fourth year, and 20% for the fifth year, before returning to the normal 25%.
In a letter to the village from the law firm representing the McGrath family, the expansion involves tearing down the front part of the building and leaving the service department untouched. The approximately 12,300-square-foot addition, which will bring the size of the building to 27,000 square feet, will include a showroom, offices, repair reception and related uses.
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