PIERRE — An economic development framework established two years ago by the Pierre City Commission and Pierre Economic Development Corporation is being used for the first time to help Karl’s T-V Audio and Appliance move from its cramped location on West Sioux Avenue to the old J-C Penny’s location at Northridge Plaza. PEDCO CEO Jim Protexter says a developer’s agreement is ready to apply the sales tax rebate program to…
The cost to move Karl’s up the hill is around 415-thousand dollars. Protexter says there is a 150-thousand dollar gap in the funding, but PEDCO will cover that if the city implements the rebate program…
Mayor Steve Harding says even with the rebate in place the city is still getting some of the sales tax generated by the move…
Protexter says Karl’s plans to move into the new location in Northridge Plaza in time for the fall holiday shopping season.
