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Local Business

Plans to open Polo grocery store get some help from city

Council OKs loan to help Lanark man buy, fix up building

The Polo City Council recently agreed to loan Tushar Patel of Lanark $30,000 from the general fund to buy and fix up the former Polo Food Center, 204 S. Division Ave., which he will reopen as a grocery store sometime in 2018.
The Polo City Council recently agreed to loan Tushar Patel of Lanark $30,000 from the general fund to buy and fix up the former Polo Food Center, 204 S. Division Ave., which he will reopen as a grocery store sometime in 2018.

POLO – A trip to the grocery store could get a lot shorter if a Lanark man’s plans come together.

Tushar Patel wants to open a grocery store at 205 S. Division Ave. The building has been vacant since 2008, when Young Shim closed Polo Food Center several months after taking it over from longtime owners Paul and Terri Koenck, who ran it as Polo Super Valu.

Patel’s plans got a vote of confidence from the City Council, which last week agreed to give him a $30,000 loan from the city’s general fund to help him buy and improve the building.

He’s in the process of buying the building from Ahmad Farraj, whose plans to open a grocery store there more than a year ago didn’t materialize.

The city agreed to loan Patel the money with the stipulations that the store open by an unspecified date in 2018 – that will depend on when the building’s sale is finalized – and remain in continuous operation until at least Dec. 31, 2020.

If Patel fails to comply with the terms, he must repay the entire amount. If he fulfills the requirements, the debt will be cancelled on Dec. 31, 2020.

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