MONTVILLE TWP. — Township trustees have agreed to give up some tax dollars in return for a Discount Drug Mart.
Township Trustee Sally Albrecht said the site of the proposed store is the southeast corner of state Route 3 and Lexington Ridge Drive, just south of the city of Medina.
Construction should begin in the spring, she said.
“They’re coming in as one of the first businesses into that area,” Albrecht said. “We’re anticipating quite a bit of economic development in that corridor.”
Albrecht said Drug Mart has been interested in putting in a store at the intersection for some time.
The tax abatement agreement will cut the store’s property tax bill in half for 15 years.
The agreement also provides for a seven-year abatement for a small retail addition with individual storefronts that Drug Mart hopes to lease.
Albrecht said the dollar amount of the abatement wasn’t available.
The deal, almost five years in the making, isn’t formalized yet, but all parties are in agreement, she said.
“They’ve been on our radar for a long time, and we’ve been waiting for them to come through with the final drawings,” she said.
Drug Mart will be subject to the Medina-Montville Township Joint Economic Development District, meaning employees there will pay the city’s 1.25 percent income tax — which is then split between infrastructure improvements, the city and the township.
The store will be the sixth Drug Mart location in the county. Other stores are located in Medina, Brunswick, Wadsworth, Lodi and Brunswick Hills Township.
It will include a pharmacy and grocery section, Albrecht said.
“We’re delighted they’re coming to our township,” Albrecht said, “and we welcome them warmly.”
Contact reporter Nick Glunt at (330) 721-4048 or email@example.com.