Home Depot withdrawal deals blow to Portsmouth
By MEGHAN HOYER, The Virginian-Pilot
© March 26, 2005 | Last updated 7:48 PM Mar. 25
PORTSMOUTH — The city’s efforts to redevelop Midtown received a major setback this week when Home Depot pulled out of a deal to open a store on the former I.C. Norcom High School site.
The company’s decision surprised city officials, who had crowed that the home improvement giant would help spark retail interest in the area.
“Everybody was hoping it would happen,” said J. Ovid Keene, chairman of the city’s Economic Development Authority, which owns the Norcom property. “People are very disappointed that they didn’t come through.”
The loss of Home Depot shouldn’t affect the sale of the former MidCity Shopping Center nearby, Economic Director Steven L. Lynch said. Although Lynch wouldn’t confirm the proposed buyer, other city officials have acknowledged that a Wal-Mart Supercenter is proposed for the now-vacant MidCity property........Full Story
edit: Changed thread title to something a bit more positive and pinned topic.
Edited by vdogg, 16 May 2005 - 03:39 PM.














