Commerce City "We need to be sure that we are not left behind in ED..."

Commerce City "We need to be sure that we are not left behind in ED..."
Will we ever see Development @ the Prairie Gateway site in Commerce City, CO??? It has been years since the Commerce City Civic Center and Rapids stadium have been built and still no economic development. I guess patience is really a virtue.

Potential Gas and Convenience Store that would be located in Turnberry Marketplace {Commerce City}

Kum and Go, L.C. d/b/a Kum and Go Foodstores, LLC has applied for incentives for a potential gas and convenience store that would be located in Turnberry Marketplace at 12241 E 104th Ave in Commerce City. In the event the company decides to proceed with development of this store, the estimated total capital investment will be $2,564,186 - nearly $1,500,000 for construction of the new facility and more than $1,000,000 for the store equipment.

The facility would be built to "Silver" LEED certification standards and the new store would create 13 full-time equivalent (FTE) jobs. Under the incentive program, the company is eligible for a 10% rebate of City sales and/or use taxes associated with these capital improvements, as well as a 50% rebate of City fees associated with these capital improvements. For utilizing "Green" building practices, the company is eligible for an additional 15% rebate of City sales and/or use taxes associated with these construction capital and improvements, as well as an additional 10% rebate of City fees associated with these construction capital improvements. In addition, the company is eligible for a tax rebate for creating new jobs.

Estimated expenditure is $44,051, based on the stated estimated investment of $2,564,186. Actual expenditure will be based on actual sales and/or use tax and fees and number of employees.

Incentive funding will be a rebate of actual sales and/or use tax and fees remitted and/or paid.

This incentive request is consistent with the Commerce City Incentive Program initially approved by City Council in 2010 and extended until September 1, 2011.