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TO: Mayor Richard C. Irvin
FROM: Trevor Dick, AICP, LEED AP, Director of Development Strategy and
Development
DATE: July 17, 2019
SUBJECT:
An Ordinance Designating Aurora Business District No. 1 (Pacifica Square Business District) (City of Aurora - 19-0596 / NA21/2-19.091-MISC - TD - Ward 10)
PURPOSE:
The Petitioner, Pacifica Square LLC is requesting approval of the creation of a business district to induce development interest within the project area. Staff has been working with our consultants, Kane, McKenna and Associates, and Klein, Thorpe and Jenkins, Ltd to assist with the creation of this Business District. The Ordinance creates and designates the business district, and a separate Ordinance proposed for adoption by the City Council will impose a 1% sales tax and hotel tax within the Business District
BACKGROUND:
The Subject Property is generally located north of New York Street, west of Route 59, south of Drexel Avenue and is currently utilized as a shopping center with B-2(S) Business District-General Retail zoning; with special sign district for lots of Yorkshire plaza subdivision located at 4300-4462 E. New York Street.
The Yorkshire Plaza is a mostly vacant shopping center in the Route 59 corridor. The center has been suffering high vacancies and decreasing sales for approximately ten years. There are approximately 365,000 square feet of space in the center which includes a Best Buy that received an earlier sale tax abatement as a measure to keep them in place. The property is now in control by Pacific Square LLC. The company is controlled by Mr. Eddie Ni who owns properties in Carol Stream, Plainfield, New Lenox, Atlanta and various locations internationally.
DISCUSSION:
Attached to the Ordinances is the Business District Plan prepared by Kane, McKenna and Associates that guides improvements, activities and projects within the subject property in order to stimulate private investment, along with a map of t...
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