Developer’s sales-tax rebate request ‘pretty much dead’
DeKALB – The future of the former Lukulos building is up in the air after a plan to give a sales-tax rebate to a potential developer was derailed Monday night.
Roger Hopkins, economic development consultant for the city of DeKalb, said Pearl Street Commercial, the company that made the rebate request, has a number of options before it closes the deal on the property at 1101 W. Lincoln Highway.
“I’m sure [the developer is] just evaluating what he can do with what they had planned and what they might be able to make do without the assistance and some of the additional remodeling that they planned to do,” Hopkins said Tuesday.
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