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December 4, 2012

City approves street, tax plan with grocery store chain

By John Filonow Stillwater NewsPress

STILLWATER, Okla. — The Stillwater Economic Development Authority will use a tax break to repay a grocery store chain for installation of a traffic signal and street improvements at its proposed site.

Monday night, the authority unanimously approved a 1 percent tax break of up to $300,000 over seven years to ALDI, which City Manager Dan Galloway said plans to build a grocery store at 1188 N. Perkins Road.

ALDI is a discount grocery store chain which has more than 1,000 locations in 31 states. It has 13 stores in Oklahoma. The division office for Texas and Oklahoma is in Denton, Texas.

Mayor John Bartley, acting as an authority trustee, said the agreement with ALDI was a financing method.

“They will receive no money beyond the amount that they spend,” Bartley said.

Galloway said the city would not pay the company for any costs of building its store.

ALDI representatives, Galloway said, had expressed interest in coming to Stillwater. Stillwater didn’t recruit ALDI and didn’t make any promises or offer any incentives to locate in Stillwater.

After ALDI officials had picked a location, they realized increased traffic to their store would add to the traffic on Perkins Road. They asked city staff if a turn lane could be added to Perkins Road and a traffic signal installed.

The city didn’t have money in its budget for the changes. Perkins Road is State Highway 177. Stillwater and Oklahoma Department of Transportation officials are working on a widening project for Perkins Road, Galloway said. The project is a few years off, but a traffic signal would need to be installed at the intersection when the project becomes reality, Galloway said.

City and state officials worked with ALDI’s engineers to develop widening and traffic signal plans. Preliminary estimates indicate the project will cost at least $250,000, he said.

 

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