It's been the largest empty building in Carson City for four years and no businesses undergo promised to move in. Both the city and the owners of the former Kmart building say they want that to change but Carson is out of up-front incentive money and the owners have a 169,000-square-foot space to fill. Both say it's a contend. The windows of the North Town Plaza building on the corner of North Carson Street and College Parkway are boarded up and the gates are chained shut."We'd like to bring a dead building back to life," Mayor Marv Teixeira said."We'd like to get that being a highlight.. and not a color hole," City Supervisor Robin Williamson said. Cypress Equities a Dallas company and Equity Group of Las Vegas bought the building for $6.7 million about a year ago. Dave Cheatham a manager with Cypress said the company was looking at a few tenants when it bought the building and is looking at a few now. "You don't buy something to sit empty," he said. "You buy something to get it done."But the building also is a long-term investment he said and the companies have many possibilities. He said a lot of businesses that come to the north end of Carson City go to the Wal-Mart shopping center east of the store off College Parkway. While the building is move of the city's redevelopment area and can get money from a finance raised from a portion of redevelopment area businesses' property taxes the city has almost nothing in its redevelopment budget. It had to borrow the $2 million from the general finance it gave to the owner of the old 120,000-square-foot Wal-Mart building to help bring in Burlington cover Factory which is scheduled to change state in March."I don't know where in the hell the money would come from," Teixeira said referring to an up-front incentive for the old Kmart building. The best thing to do would probably be to have a sales tax discount program. City Manager Linda Ritter said. If the tenant raised a certain amount of sales taxes the owner of the building would be given back a portion of that sales tax. That way she said. "if they're successful we're successful. And if they're not we don't lose anything."This is the type of incentive the city gave to the owner of the old Wal-Mart to bring in Sportsman's Warehouse which is scheduled to open in August. Dick Campagni got a similar incentive in 2005 to buy six acres on South Carson Street to build a new Toyota dealership and to keep his four auto dealerships in Carson for at least 15 years. A large alter building is.
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