Danville Community Development Administrator Logan Cronk indicated during Tuesday (Oct 13) evening’s City Council Public Works Committee meeting that next week (Oct 20), before the full Council, he will be presenting a package to keep things operating at the Greenhouse Megastore without missing a beat. Recently, their parent company BFG filed for bankruptcy. But the George family, previous owners and also known for Mad Goat Coffee and Royal Donut, are looking to reacquire the business to keep it there for Danville and Vermilion County residents, and to keep about 40 employees working.
Danville Community Development Administrator Logan Cronk (second from left) explained the need to get an item concerning Greenhouse Megastore on the agenda at the October 20th Danville City Council meeting.
Cronk told CIMG that the George family’s bid at the bankruptcy auction came in at the top, and with an initial property tax incentive of $125,000 approved by the city; things can keep moving without Greenhouse Megastore’s doors ever having to close.
AUDIO: And the Georges, who were the initial sellers to BFG sevenish years ago, decided that they wanted to keep the business here in Danville. And the way the bankruptcy process works, is all of the assets go out for auction essentially. And they were the successful bidder in the acquisition of all of the Greenhouse Megastore assets. So they’re going to keep the same name, but the Georges were the one that put in the bid, and they’re going to keep Megastore name that’s currently operating today.
Greenhouse Megastore is on the west side of Lynch Road, at 70 Eastgate Drive.
Also during Tuesday’s Public Works meeting, a couple items dealing with funding for economic development were removed from the agenda for further study. But as Cronk explained, the basic goals are, within the next couple of months; to provide special incentives for commercial and economic development by combining four different city programs to address quality of housing, economic development, and to bring back population to Danville in strategic locations; referred to as “redensification of the city of Danville.” Cronk says these are some of the first steps in Danville’s 2050 Comprehensive Plan.
