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Article: Gilroy, Calif., Approves $5.4 Million Deal for Retail Center.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- March 19, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business 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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By Jon Jeisel, The Dispatch, Gilroy, Calif. Knight Ridder/Tribune Business News
Mar. 19--GILROY, Calif.--After three hours of heated discussion and debate before a big crowd, City Council approved a multi-million dollar financial incentive package Monday for a major shopping center that has also become a battleground over what could reportedly be the first Super Wal-Mart in Northern California.
Council voted 5-2, with Councilmen Charles Morales and Peter Arellano dissenting, to approve a development agreement that could grant up to $5.4 million in sales tax rebates for the Newman Development Corp.'s Pacheco Pass Center at the junction of U.S. 101 ...