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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMenards blames Obama for pulling out of plans for O'Fallon, Mo location
OFALLON, Mo (KMOV.com) -- The city of OFallon Missouri will lose potential tax revenue after the home mprovement store Menards pulled out of plans to establish a location in the area. The company is blaming the Obama administration for the projects failure.
Menards, which is based in Wisconsin, is moving into the St. Louis market with stores opening in Manchester, OFallon Illinois and St. Peters in the next six months.
A Menards spokesperson says the company no longer plans on adding a store in OFallon, Missouri because of the Presidents economic policies.
We are on schedule to open our new stores in OFallon, IL and St. Peters, MO this Spring, 2013. For OFallon, MO, Im very sorry, but we are a family owned business and with the Obama Administration scaring the dickens out of all small businesses in the USA at present, we have decided not to risk expansion until things are more settled. Thank you for your patience and understanding.
http://www.kmov.com/news/local/Menards-blames-Obama-for-pulling-out-of-plans-for-OFallon-Mo-location-182906641.html
Reading the comments posted with the article are rather "enlightening". I suspect that Menards did themselves no favor with this statement.
x-post from Missouri Group. http://www.democraticunderground.com/1061560
msongs
(67,413 posts)JI7
(89,252 posts)Jackpine Radical
(45,274 posts)He bought the land for a 3rd store in his hometown area about 7 or 8 years ago & it's still sitting vacant.
Word is that it dawned on his accountants that the store wouldn't be sufficiently profitable due to the economic slowdown & bursting of the housing bubble.
muntrv
(14,505 posts)rucky
(35,211 posts)and I believe an email to Menards just might be in order, telling them that point. I believe I will also suggest that since things are sooo very scary they should reconsider their expansion plans and not come to Missouri.
donco
(1,548 posts)be the fact that, St. Peters, MO ,and OFallon, MO, are next to each other and JUST MAYBE someone in management ****ed up.