Dollar store will try to make a buck in new location.Byline: RETAIL NOTEBOOK By Edward Russo The Register-Guard COTTAGE GROVE Cottage Grove, village (1990 pop. 22,935), Washington co., SE Minn., near the St. Croix River; inc. 1965. There is farming (cattle, sheep, corn, and soybeans) and manufacturing (chemicals and machinery). - Mark and Linda McIntosh Linda Laughlin McIntosh (born December 14 1943) is a politician in Manitoba, Canada. She was a member of the Legislative Assembly of Manitoba from 1990 to 1999, and a cabinet minister for most of this period. are headed to Lincoln City Lincoln City can refer to:
n. A cool breeze blowing from the sea toward the land. sea breeze Noun a breeze blowing inland from the sea Noun 1. and a fresh start. The couple for the past 10 months operated Dollar Bonanza, an everything-is-a-buck-or-less outlet in the Village Shopping Center on Highway 99. They closed it three weeks ago, and now they plan to open a larger Dollar Bonanza on Highway 101 in Lincoln City by late October. The couple had for some time thought about adding a store in the north Oregon Coast town. However, they imagined Lincoln City would be their second location, complementing the Cottage Grove outlet. But in May, the McIntoshes were squeezed out of their Cottage Grove store lease by a wrinkle in federal bankruptcy law that gave the nation's largest dollar store chain a chance to slip into the same shopping center. The Troutman's Emporium bankruptcy allowed a middleman mid·dle·man n. 1. A trader who buys from producers and sells to retailers or consumers. 2. An intermediary; a go-between. to peddle the rights to the lease of the shuttered Emporium store in the shopping center to Dollar Tree Stores. The McIntoshes and their landlord, Spring Investments of Eugene, didn't want Chesapeake, Va.-based Dollar Tree to become a tenant, but under bankruptcy laws there was little legal basis for stopping Dollar Tree from assuming Emporium's lease. That left the McIntoshes with the likelihood of competing against the 2,468-outlet giant, a battle they probably would have lost. In a courtroom deal worked out among lawyers for the various parties, an emotional Mark McIntosh agreed to take cash and to close his store. He and his wife shut the store for good on Aug. 9. "It was devastating dev·as·tate tr.v. dev·as·tat·ed, dev·as·tat·ing, dev·as·tates 1. To lay waste; destroy. 2. To overwhelm; confound; stun: was devastated by the rude remark. ," Mark McIntosh said this week. "The timing couldn't have been worse." The couple considered opening another type of store in Cottage Grove, but couldn't find a financially viable alternative, Mark McIntosh said. As part of the courtroom deal, Dollar Tree bought the McIntoshes' remaining inventory, valued at $26,921. Yet the experience will be costly to the couple because they must pay off loans that helped them start the store, plus shoulder the costs of moving. In Lincoln City, Dollar Bonanza will count on tourists and locals for customers, plus people who patronize pa·tron·ize tr.v. pa·tron·ized, pa·tron·iz·ing, pa·tron·iz·es 1. To act as a patron to; support or sponsor. 2. To go to as a customer, especially on a regular basis. 3. the Chinook Winds Casino Chinook Winds Casino and convention center is a Native American casino located in Lincoln City, Oregon. It is operated by the Confederated Tribes of Siletz. The casino's amenities include a 227-room hotel, a 157,000 square foot gaming floor (between two floors), two restaurants , Mark McIntosh said. It will cost the McIntoshes $189,000 to open the store. At 8,700 square feet, the new outlet will be more than twice the size of the Cottage Grove store. Most of the financing will come from a federal Small Business Administration-backed loan from Wells Fargo. Retail Notebook runs Thursdays. |
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