Is Wal-Mart Leaving or Not?

From Chicago Tribune:

When the tiny village of East Dundee landed one of the first Wal-Mart stores in the Chicago area 15 years ago, officials gave the retail giant a tax break as a welcome present.

Now it seems Wal-Mart Co. is planning to pack up its wares and leave the Kane County town. Apparently, however, it forgot to give notice to the village, its customers or even employees.
East Dundee officials were stunned to learn via a commercial real estate listing last week that Wal-Mart would vacate the 120,000-square-foot store at Higgins Road and Dundee Avenue by winter of 2007.

Losing the store would blow a huge hole in the village's budget. The Wal-Mart provided $365,000 of the village's $1.9 million in sales tax revenue for 2004-05, interim Village Manager Paul Nicholson said.

Wal-Mart spokesman John Bisio called the listing premature and said he had no knowledge of plans to shut the East Dundee store but would not rule it out.


More here and here.