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Dunkin' franchisees propose $100,000 offer for 505 University Parkway; trustees ask about traffic, appraisal and demolition costs
Summary
Prospective franchisees asked the village for a nonbinding letter of support to pursue purchase of 505 University Parkway for a Dunkin' Donuts, offering $100,000; trustees discussed traffic, demolition estimates and franchise brand approval, and directed staff to bring the matter to a future agenda.
Krupa (speaker 14) and partner Chandra presented a proposal for a Dunkin' Donuts at 505 University Parkway and asked the board for a nonbinding expression of support that the village would consider selling the parcel so the Dunkin' corporate office can proceed with franchise approval.
Krupa identified herself and said her family operates multiple Dunkin' locations in neighboring suburbs and that the proposed site would likely be demolished and rebuilt with a drive‑through as the priority. The franchisees said they would offer $100,000 for the property and estimated total site and construction investment at about $2,000,000. Manager Scott (speaker 13) told trustees the last appraisal for the property was around $185,000 (which included the existing building) and noted a prior demolition quote in village records near $55,000.
Trustees asked about traffic and drive‑through logistics; Krupa said the design would prioritize right‑in/right‑out traffic flow and drive‑through queueing to avoid long backups. Trustee comments were broadly positive about bringing a national quick‑service chain to a dark corner of the corridor; the board agreed to place the item on a future agenda pending franchise approval.
What happens next: The franchisees will seek formal franchise approval from the brand and return with a formal site plan to planning staff. Manager Scott offered to prepare a nonbinding letter or document confirming the village’s willingness to entertain sale subject to the brand’s approval.
Provenance: presentation and Q&A begin at SEG 1803 and continue through SEG 2100.
