AddThis

Menards breaks ground -- again -- in Omaha

Menards has begun building its fourth store in the Omaha, Neb., metro area, and this unit will sit right next to a sports facility. An article in the Ralston Recorder explains how the deal to bring the Menards to Ralston, a community at the southern edge of Omaha, spanned more than two years and required a state bill to allow the city to capture 70% of state sales tax on new businesses opening within 600 yards of the Ralston Arena.

Ralston Mayor Don Groesser even flew to Eau Clare, Wis. -- Menards headquarters -- to make a personal pitch to the home improvement retailer’s executives.

According to projections, Ralston will need about $50 million in annual retail sales inside a 600-yard radius to keep up with bond payments for the new sports arena. The average Menards store does $40 million in business annually, the article said. Other retail outlets are expected to open around the facility once the Menards is built.


Want to read more?
This content is available only to registered users. Log in to read the rest of this article or create a free account.
© 2014 Home Channel News. All Rights Reserved.