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Article: BURBANK DEALING FOR AUTO VENDOR.(News)
- Article from:
- Daily News (Los Angeles, CA)
- Article date:
- December 21, 1999
CopyrightCOPYRIGHT 1999 Daily News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Lee Condon Staff Writer
The city finally has a car dealer on the hook.
After years of trying to lure new car dealers to Burbank, officials disclosed Monday that CAG Investments LLC is planning to buy 12 acres of old Lockheed property to build a multi-franchise Chrysler dealership.
It is the first of what city officials hope will be many new dealerships in the city.
Tonight the Burbank City Council will consider a proposal to give CAG Investments LLC an incentive to build in Burbank.
The company is expected to ask the council to approve an agreement in which the dealership would be able to keep 50 percent of all the ...