Sam's Club plans a positive sign? : Editorials : Oswego Ledger-Sentinel : Hometown Newspaper for Oswego and Montgomery, Illinois
Sam's Club plans a positive sign?
Is this a sign of a local economic rebound? This past Thursday evening the Montgomery Plan Commission endorsed plans for the construction of a Sam's Club warehouse store in the village's Ogden Hill shopping center at U.S. Route 34 and U.S. Route 30.
The village board is expected to consider and possibly take a final vote on those plans when they meet next Monday, Feb. 25.
The prospect of a Sam's Club opening in the community should please many area shoppers who now must use the gas and fight the traffic to visit the nearest Sam's Club store in Naperville.
The village will benefit because it will annually receive hundreds of thousands of dollars annually in additional sales tax revenues from the store. Other local taxing districts-including the Oswego school, park, library and fire districts-can look forward to receiving property tax revenues from the store.
Most importantly, the store will help ease the tax burden on local homeowners who continue to pay most of the property taxes in our area.
A decade ago-before the Great Recession of 2008-store and restaurant openings had become commonplace events in the Montgomery-Oswego area, especially along bustling U.S. Route 34 corridor. But the rush to build by retailers and restaurateurs came to an abrupt halt when the bottom dropped out of the economy five years ago. In fact in recent years business developers had become almost as rare a bird in these parts as bald eagles were in the 1960s.
The arrival of the Sam's Club on the Montgomery Plan Commission's agenda last Thursday was a hopeful sign of better economic times ahead. Let's hope this one proposal becomes a trend and soon other representatives from other firms are once again knocking on the doors at Montgomery and Oswego village halls with plans in hand.