The current Toyota dealership on Skokie Boulevard in Skokie will join down-the-block neighbor Tesla as the latest in auto dealers planning to occupy slick new flagship dealerships as places of business.
The auto dealership strip on Northbrook’s Skokie Boulevard is revving up now that Toyota is rebuilding near new neighbor Tesla.
The Toyota plans include demolishing an existing and obsolete dealership, and building a new facility at 43,274 square feet for the sales and service of new and used Toyota vehicles.“We’re excited,” Leep said. “This is probably going to be a $12 million project.” Of the multi tenant office building next door, Leep told Pioneer Press, “As these leases run out, we’re going to tear that down to also create more display space for the dealership.”
The more than $9.7 million build out calculation is being used to help justify a village rebate of 50 % of new sales taxes generated at the redeveloped Toyota dealership. The 50 % rebate ask and subsequently granted request assisting Toyota will occur in excess of sales tax receipts of $426,400 for 20 years or $9,726,974, whichever comes first.
“There was an opportunity here, great stores like this don’t change hands a lot, these are family run businesses,” Leep said. “Just the demographics of this market are fantastic for Toyotas and we’re just excited to be here.”“Nobody has built more electrified cars in the world than Toyota Motor Company,” Leep said.
“We want to snap our fingers and get this project done as soon as we can so we can get out of that old building.”
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
4-Time NHRA Champ Steve Torrence Focused on Big Picture When Assessing Toyota AllianceTorrence believes that one step back, the right changes, can lead to two steps forward.
Read more »
Jacksonville State wins historic game over UNA at Toyota FieldDue to safety protocols, all offensive plays were run toward the west end zone in Saturday's Jacksonville State vs. UNA game at Toyota Field.
Read more »
4-Time NHRA Champ Steve Torrence Focused on Big Picture When Assessing Toyota AllianceTorrence believes that one step back, the right changes, can lead to two steps forward.
Read more »
The Frozen North: Toyota lays out Canadian pricing for 2023 TundraICYMI: The Frozen North: Toyota lays out Canadian pricing for 2023 Tundra — via drivingdotca NewVehicles Toyota
Read more »
Toyota Fortuner GR Sport Turned Into An Off-Road Monster In The Philippines | CarscoopsThis is the most extreme Toyota Fortuner we have ever seen, with a large number of mods that should make it unstoppable off the beaten track
Read more »
An Engineer Explains the Toyota PriusAn Engineer Explains the Prius and why Toyota was unable to evolve this ground breaking technology into a Battery Electric Vehicle.
Read more »