Walmart Seeks Extension On Purchase Agreement

Walmart is back on the City Council agenda for Tuesday night.

Specifically, attorneys representing the Walmart Real Estate Business Trust are asking the city for a 90-day extension of the purchase agreement for the 3.6-acre city-owned parcel at 222 N. Chicago Ave. – site of the proposed 115,000 square-foot store.

They want council to extend the agreement’s “feasibility period” to Feb. 16, 2012, to allow Walmart more time to obtain permits from the Wisconsin Department of Natural Resources (related to cleanup of the land) and easements from the Union Pacific Railroad. You will recall that the westernmost part of the property – the privately owned parcel west of 11^th Avenue – abuts the UP railroad tracks.

Of course, the city council voted on Nov. 1 to give final backing to the project. Check out my post on that here.

Check out the full council agenda here.