Walmart backs out of plans to build in Dardenne Prairie - KMOV.com

Walmart backs out of plans to build in Dardenne Prairie

Posted: Updated:
KMOV KMOV

DARDENNE PRAIRIE, Mo. (KMOV.com) – Walmart has backed out of their plans to build a neighborhood market in Dardenne Prairie.

Mayor David Zucker told News 4 he received a call from officials with Walmart on July 20 who made the announcement. He said he is disappointed, angry and very surprised with their decision.

Zucker said city leaders put a lot of long hours into the project and said their market assessment showed there is room for at least three additional grocery stores in the area. He also said he doesn’t know why Walmart is pulling out, but said, “It would not generate the return on investment that they were looking for,” and that the building costs may have been higher than the company original planned.

Walmart officials were scheduled to meet City of Dardenne Prairie officials during the evening on July 20 to finalize the plans, but the company requested a continuance

City officials asked Walmart to go back to the drawing board six times to come up with a look that would fit within the city's aesthetic.

Many residents say they are happy the project is dead because of concerns about noise and traffic.

Zucker said the city was counting on the tax dollars from the store to cover future costs such as future road repairs.

"You can't live for free and your streets won't last forever, and if you like the park program we provide, it costs money to deliver that," said Zucker.

Zucker said he hopes the owner of the land where the Walmart was going to be built will start looking for a new developer.

Copyright 2016 KMOV (Meredith Corp.) All rights reserved.

Watch News 4 Now

Mouse over player for controls · LAUNCH FULL PLAYER

Powered by Frankly