Barrington Village President Karen Darch
Barrington is offering a longtime car dealership an economic incentive so it can expand and stay in the village.
Motor Werks of Barrington and the village reached an agreement, approved by trustees at the Oct. 26 Village Board meeting that allows the dealership to share a percentage of sales tax over a 10-year term. The incentive establishes a base sales tax amount of $2.7 million, a figure derived from an average of sales taxes over several previous years, according to village documents.
Under the agreement, Motor Werks would receive 65% of all sales tax revenues above the base as incentive payments and the village would get 35%, officials said.
The dealership, which sells high-end brands like Porsche and BMW, has been dealing with inadequate parking for its inventory, traffic congestion around the service and wash bays, and an inability to relocate its Cadillac dealership onsite, village officials said. It plans to purchase the Barrington Woods office complex, at 18 E. Dundee Ave., for redevelopment. The dealership will add a parking structure, vehicle recondition center and move the Cadillac brand.
Village Manager Scott Anderson said Motor Werks has been an important business in the community, and it is in the village’s best interest to partner with them to provide economic support.
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