DILLARD'S DEPARTMENT STORE TO BE OFFERED $2 MILLION TO TRY A.V. MALL.Byline: Jim Skeen Daily News Staff Writer The city will offer a $2 million incentive to bring a Dillard's department store to the Antelope Valley Mall The Antelope Valley Mall is an enclosed shopping mall in Palmdale, California. Opened in September, 1990, its buildings take up around 1 million square feet (90,000 m²). Its physical main building, parking lots, and ring road businesses encompass an area a bit less than 0. . Palmdale is offering to reimburse re·im·burse tr.v. re·im·bursed, re·im·burs·ing, re·im·burs·es 1. To repay (money spent); refund. 2. To pay back or compensate (another party) for money spent or losses incurred. Dillard's up to $2 million for spending on the store. The money would come from sales tax sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. generated by the store. ``The incentive we are providing will be paid back by sales tax,'' said Councilman Joe Davies. ``We're getting a lot for our money.'' The City Council approved the incentive offer Wednesday night by a 4-0 vote, with Councilman David Myers absent. If the deal is completed, the store would become the sixth anchor for the Antelope Valley Mall, which opened in 1990. The agreement with the mall's developer, Ohio-based Forest City, calls for the mall eventually to have eight anchor stores anchor store n. A large store, such as a department store or supermarket, that is prominently located in a shopping mall to attract customers who are then expected to patronize the other shops in the mall. . Dillard's would build the mall's first two-story building. The store, about 150,000 square feet, would be built just north of the Oasis food court. Plans call for additional mall shops, collectively 12,000 to 14,000 square feet, that would connect the main mall The Main Mall was an outdoor pedestrian shopping plaza in downtown Poughkeepsie, New York, which was in existence from 1973 until 2001. A urban renewal project designed with the intention of stopping the decline of the central business district of downtown Poughkeepsie, the mall to Dillard's. Construction is planned to begin by Dec. 1, city officials said. The store could open by December 1998. |
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