The announcement that Demoulas will be building a supermarket at the North Gate Mall is a very exciting prospect.
First, the well-known grocer is going to build an 80,000 square foot supermarket with all the fixings. It will be very much like the Chelsea store, which at 120,000 square feet is one of the largest supermarkets east of the Mississippi River.
If and when the Demoulas store is finished, it will pay the city approximately $300,000 a year in property taxes. The $10 million project will generate well over $100,000 in permitting fees. The building project itself will involve hundreds of construction workers and tradesmen and women and millions in steel, cement, tile, lighting and equipment will be purchased.
Most importantly however is the fact that a store such as the one being planned will likely employ as many as 600 men and women, many of whom will be employed at the store for the rest of their lives.
The supermarket firm is asking for minor tax relief as a quid pro quo for coming here.
This should be granted by the city council.
The mayor is already on the record as welcoming the supermarket.
Demoulas coming to Revere is great news.
The city council should act accordingly on the tax relief.