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Friday, May 2, 2008

NIMBY's 1, Capitalism 0

by George Dienhart

Nimby means “Not in my back yard”. Local Duluth residents have apparently applied enough pressure to ensure that a Wal-Mart Supercenter will not be built in Duluth. Now Wal-mart will begin the process of finding enough land in a neighboring area to build their Supercenter, thereby depriving the city of Duluth of any associated tax receipts.

For now, there are already two Wal-Mart stores within six miles of the proposed location, in Duluth and neighboring Suwanee. My guess is Wal-Mart will target Suwanee for the Supercenter and close both regular Wal-Marts. Good luck finding a tenant for the Duluth Wal-Mart when that happens.