Democratic U.S. Rep. Bobby Rush says his planned Black Friday protest of Target will go on, after political muscle hasn’t changed plans to shutter two South Side stores.
“Target wants the Christmas money from the very community it’s turning it’s back on. That’s adding insult to injury,” Rush said.
The Target stores, one in Morgan Park and the other in Chatham, will close in February after “multiple years of decline and underperformance,” a Target spokeswoman has said.
Rush has organized a Black Friday protest and boycott at Target’s 85th Street and Cottage Grove Avenue store, hoping to hit the retailer in the wallet. He said he’s puzzled about the claim the store isn’t doing well.
“They’ve got long lines and full parking lots 24/7,” Rush said, saying he’s fielding complaints from his constituents about the closings all over the place, from calls to his office to people complaining in person at the supermarket.
Mayor Rahm Emanuel tried to talk the Minneapolis-based retailer out of closing the stores, and Rush says he met with Target representatives recently to reach some kind of compromise.
The mayor even dangled millions of dollars in tax increment financing assistance, said mayoral spokesman Adam Collins, who declined to comment on details of the city’s offer.
Last week, Emanuel signed an executive order that would keep developers seeking TIF money for retail projects from getting incentives if one of their large tenants is planning to close stores in another part of the city.
The move was in response to Target’s announcement, Collins said. The City Council recently approved $13 million in assistance for a shopping center in Albany Park that the city said is expected to include a Target.
Target has not publicly announced plans for a store at that location, but it has been expanding and investing in existing stores in the Chicago area. Most of the recently opened stores have been downtown, on the North Side or in the northern suburbs, as are the two new stores Target has said it plans to open by the end of 2020, in the Rogers Park and Logan Square neighborhoods. The retailer did open a store in Hyde Park on the South Side in 2016.
Emanuel said the executive order is meant to ensure that “if you’re going to be a Chicagoland store you’re in all parts of Chicago.”
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Region: Chicago,City: Chicago,Business
via Breaking Business – Chicago Tribune https://ift.tt/1Gz2cjH
November 21, 2018 at 05:03AM