Tuesday, May 17, 2011

Dwight Area Projects Moving Ahead

Joe Celozzi poses with his Illinois Dealer plates. Celozzi and his partners plan to open a used car sales and service operation at the former Dempsey dealership at Rt. 17 and I 55. The GLCEDC, along with the Bank of Pontiac and FREESTAR Bank, is providing a line of credit to fund start-up and operating costs for the new business. Celozzi plans to offer 100 used cars at all price points and employ 26 full-time employees. Eventually, the group hopes to attract a new car dealership to Dwight.

Consolidated Grain & Barge continues construction of their $17 million project on Rt. 17, two miles east of Dwight. The project will contain a 100-car rail siting terminal and be ready to accept grain this fall. The GLCEDC assisted CG&B in obtaining property tax abatements from the County and the Dwight School Districts. The abatements helped to offset the extraordinary infrastructure costs associated with bringing electricity to the site. CG&b plans to attract other industrial users to their 160 acre site in the near future.

Site work has begun on the site of the new Love's Travel Center at the intersection of I-55 and Rt.47. The travel center and restaurant will open this fall. The project will create 45 jobs. The Village of Dwight attracted the business by offering a sales tax rebate that will be used to reimburse Love's for improving the intersection with turn lanes and a traffic signal.

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