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Culver's franchisee asks Selma for $40,000 incentive to offset access and demolition costs
Summary
A Culver's franchisee asked the Town of Selma to approve a $40,000 Tier 2 economic-incentive reimbursement to help cover unexpected site-access and demolition costs for a new restaurant on the former Shoney's site; council deferred a decision and asked staff to return with details for Tuesday.
Kevin Whisler, a Culver's franchisee, asked the Town of Selma on June 5 to approve a $40,000 economic incentive to help offset unexpected costs tied to building a new Culver's restaurant on the former Shoney's site.
Whisler told the Town Council the project will require demolishing the existing Shoney's building, creating a new traffic access point and installing about $335,000 in restaurant equipment. "The additional costs we're expecting to have is about $150,000 of costs," Whisler said, adding the full project — land, building, equipment, signage and soft costs — is likely to total about $5.5 million.
Why it matters: council…
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