Wal-Mart puts brakes on New Prague plans

Chuck Kajer, Managing Editor

Wal-Mart announced Wednesday, Nov. 19, that they have withdrawn their plans to build a Wal-Mart Supercenter in New Prague.

The retailing giant had been working with the city and local developer Doug Pint for more than a year on a project that would include a 150,000-square-foot Wal-Mart Supercenter. The city approved an ordinance earlier this month to annex 75 acres of land, 34 of which would have been land used by the Wal-Mart project. The remaining land would be a combination of commercial and residential use.

The withdrawal of Wal-Mart appears to be a response to the slowdown in the national economy. According to a press release from the company, the decision is related to Wal-Mart's recently announced plans to moderate growth of U.S. supercenters as part of leveraging capital resources through a strategy designed to improve returns

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