Walmart has its extension.
The retailer will have until Feb. 16, 2012, to close on the purchase of the city-owned land it wants for its new store on North Chicago Avenue following 6-2 vote of the city council Tuesday night.
Similar to the previous votes on the project, 1st District Ald. Frank Van Dusen III and Craig Maass voted no on the 90-day extension. The other aldermen, including me, voted yes.
Read my previous post on this for more details on what Walmart was seeking.
While I wish they didn’t need the extension, this was a pretty easy vote for me. My support for the overall project hasn’t changed.
I asked at the meeting if they expect this will be the last extension to the agreement, and an attorney for the project said yes. She said they hope it will take far less than 90 days to obtain necessary approvals from the Department of Natural Resources and Union Pacific railroad and close on the deal. I hope she’s right.
I’ll keep you posted.
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