Molstead Motors plans $1.3M expansion, seeks $38K tax rebate from city

CHARLES CITY — Mike Molstead Motors plans to expand with a 7,200-square-foot addition that will have nine new service bays. It is also asking the city for some help with the $1.3 million project in terms of tax rebates which could amount to nearly $38,000 over five years. The Charles City Council will discuss the request at it’s planning meeting tonight (Monday, April 24).  “Mike Molstead Motors has proven to be an exceptionally successful business enterprise at 1501 South Grand Avenue,” Charles City Area Development Corp. Executive Director Tim Fox wrote in a tax rebate application letter to the city. “It … Continue reading Molstead Motors plans $1.3M expansion, seeks $38K tax rebate from city