A request made by Brad Manning Ford came up in the last DeKalb council meeting agenda:
The dealership says it can get $400,000 from Ford to put towards the [$2.3 million expansion] project, but that it still can’t foot the rest of the bill. The $110,000 that it is requesting from the city represents about 4.7 percent of the total cost – below the city’s traditional maximum project cost-sharing percentage of 20 percent.
The requested rebate would come from new sales taxes generated over and above the existing taxes that the dealership generates now, according to city documents. The program would end after seven years, or whenever the $110,000 mark is met using a 50-50 split – whichever happens first.
According to documents that the dealership provided to the city, it expects to generate a total of $110,000 in sales taxes in 2014 and more than $170,000 per year by the year 2020.
I left a comment with the story:
I like Manning Ford a lot and have had great experiences with their sales, service and rental departments. However, I note that the City of DeKalb purchased a $29,350 Ford Explorer from them in June, and I wonder which dealer ended up supplying the new squad cars totaling $151,700? In other words, maybe Manning is already getting enough help from the city?