K-Mart has made it official. They have filed for Chapter 11 bankruptcy. This is big for the city. There is that long talked about K-Mart sitting in the middle of Nicollet Ave., and as contentious as the negotiations have been for reopening the street, and how to do so, it appears that the luxury of time for deciding said issue may be quickly evaporating.
On one hand, it would seem that this is an answer to the city's problems regarding how to maneuver K-Mart if/when the street is reopened. The impediment to the plans may just evaporate. On the other hand, if this Chapter 11 spells the end of K-Mart period, that [possibly very abruptly] removes a key retail option for at least 4 of the city's south side neighborhoods. Just curious if the Council is working on a plan of attack here. richard carney st. paul resident, minneapolis worker (a K-Martian� Store 3001/Clock #118� in the 70's) _______________________________________ Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
