While I have little reason to doubt that the new Pete’s will, as reported, generate something like $1.1 million in real estate and sales taxes, that is not a meaningful number. The meaningful number is the amount of net new taxes, which in the case of sales taxes will be significantly lower because Pete’s will cannibalize sales from other Oak Park retailers, not to mention from its Lake Street store.

I am not raising this out of opposition to the project. I just find it appalling that nobody asks the right questions when developers present numbers that are true but meaningless.

Bob Stigger

Oak Park

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