What's Being Built on 75th Street Near XSport?
Wondering what all the construction buzz is about on 75th Street near Beebe Drive? Patch has the answer.
The site will be the future home of a new 170,000 square-foot Walmart Supercenter, which will take the place of Walmart's current Naperville location, 776 S. Route 59.
The supercenter will be 50,000 square-feet larger than the current Naperville location and will also include a grocery. Walmart will be bordered by Springbrook Prairie Forest Preserve to the south and east. The site was previously part of the forest preserve before it was zoned for commercial use.
Earlier: City Moves Forward With New 75th Street Walmart
Under an agreement with the city, Walmart was required to obtain ownership of the property by April 30, 2013, with the store open and operating by April 30, 2014.
Naperville City Council members voted unanimously in August to adopt a resolution giving Walmart a $1.75 million sales tax incentive over 10 years to relocate within the city.
City Council members said approving the resolution was necessary to keep Walmart in Naperville as the retailer had plans to move their new store to Aurora if the store did not receive the sales tax rebate.
The city has said that if the retailer moved to Aurora, Naperville would risk losing the sales tax revenue Walmart generates, which is roughly $500,000 a year.
In the past, similar tax rebates have been given to other large developments in Naperville like the Naperville Marriott hotel. The city has said the incentive helps “prime the pump” for tax revenue returns down the road.