Oct
12

Sumter Retail Development Stagnates

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Several planned local ventures stall but others still on track to open

October 2, 2008

Joe Perry – The Item

A little more than two years ago, rumors of a second Wal-Mart Supercenter coming to Sumter were finally confirmed.

As the national economy lost its momentum and the inventory of new homes in the local real estate market reached a point of oversaturation, the second Wal-Mart — slated for a 45-acre plot at U.S. 15 South and Lewis and Cockerill roads that sold for $3.4 million — was put on ice.

What seemed like a win for Sumter in late September 2006 — several officials put the total expected investment from the world’s largest retailer in the $20 million range — now has to be placed firmly under the heading of ‘maybe.’

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.theitem.com/apps/pbcs.dll/article?AID=/20081002/BIZ/710029967

Categories : Sumter

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