Saturday, September 03, 2005
Wal-Mart Continues It's Invasion
My sister lives 35 miles from me. A Super Wal-Mart is going up less than 2 miles from her home. Now Super Wal-Mart may be going in only 2 miles from my home in Newport. It appears the contract the city signed with Bear Creek may mean they are completely powerless to do anything about it. How a city forks out money for street improvement, industrial bonds to help defray costs of a development, but yet puts itself in a position to control none of the development is BEYOND me.
Good business sense? If this was happening in Cincinnati, everyone would be saying, look the council screwed up again... so everything in Newport isn't done right, they've failed here!
Fennell said the agreement was fashioned to give the city some power over
the tenants without warding off developers."It was always my impression that we had some control over the retail mix. Putting veto power into the contract wouldn't have made business sense at the time," she said.
Good business sense? If this was happening in Cincinnati, everyone would be saying, look the council screwed up again... so everything in Newport isn't done right, they've failed here!
