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Big box deal reached.


Downtown merchants and mall operators have reached peace with Wal-Mart just prior to an Ontario Municipal Board The Ontario Municipal Board (OMB) is an independent adjudicative tribunal that provides a public forum for resolving disagreements relating to community planning, governance issues and other matters in the province of Ontario, Canada, as provided for under the  hearing in Sault Ste. Marie Sault Sainte Marie — pronounced "Soo Saint Marie" (IPA /su seɪnt məˈɹi/) — is the name of two cities on the Saint Marys River, which forms part of the boundary between the United States and Canada. . First Professional Shopping Centres reached an agreement with The Downtown Association and Algoma Central Properties, owners of the Station Mall The Station Mall in Sault Ste. Marie, Ontario is the largest shopping mall in Northern Ontario, with 120 stores and 555,000 square feet of retail space [1]. Built in 1973, the mall has since undergone two major expansions. . It paves the way for Wal-Mart to begin construction of a power shopping centre in the city's north end. As part of the settlement, Wal-Mart cannot open its doors before January 2003, cannot expand the store beyond its 9,894-square metres and cannot apply for expansion of the entire development before June 2006. First Professional initially wanted to build a Wal-Mart with a half-dozen smaller retail outlets retail outlet npunto de venta

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. The developer also becomes an associate member of the Downtown Association, paying $10,000 per year to the association for the next five years, similar to an arrangement they have in Cobourg and Orangeville.
COPYRIGHT 2001 Laurentian Business Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Northern Ontario Business
Article Type:Brief Article
Geographic Code:1USA
Date:Sep 1, 2001
Words:143
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