Roseville Automall to receive up to $3 million from City

The Roseville City Council will consider investing up to $3 million in Strategic Improvement Funds, monies set aside for this kind of one-time investment, which are not part of the city’s general fund.  Upgrades to the site, which is city-owned, would be matched on a dollar-for-dollar basis by the Roseville Automall Association.

The Automall began as a public-private partnership and this latest project continues that strategy.  The agreement will upgrade signage, display areas and the wall at the Roseville Automall.

⤥ Summer Fun Starts Here ⤦

⤥ Summer Fun Starts Here ⤦

⤥ Summer Fun Starts Here ⤦

⤥ Summer Fun Starts Here ⤦

The Automall is the City’s single largest source of sales tax revenues, contributing on average $10 million a year to the City’s General Fund. The Automall has provided $94.9 million in tax revenues to the City since 1993, and currently has 21 dealerships on the premises.

With approximately a dozen local dealerships closing since April, maintaining a strong relationship with the Automall is a high priority, especially as existing and future locations in the area compete aggressively to attract new dealerships. Projected tax revenues from the dealerships, over the next 15 years, range from $162-264 million, depending on sales growth.