Chain store backs out of deal
Staff writer
After tentatively agreeing to buy 3.7 acres of land in the Hillsboro Heights addition off U.S. 56 in March, an unnamed national chain store recently opted out of building a store in Hillsboro.
“They gave no reason,” Economic Development Director Clint Siebel said Tuesday. “They just exercised their right in the original contract to opt out.”
Siebel said Mayor Delores Dalke was still the only person who knew what the company was because of a confidentiality agreement she signed.
The store would have sold fuel, groceries and pharmaceuticals. The company would have paid $55,000 for the land if it had not opted out.
In March, Seibel said the company hoped to open by year’s end and was within the top 100 of Fortune’s list of 500.