The Joplin Globe, Joplin, MO

Business

July 24, 2007

Neosho issues $6.6 million permit for Lowe’s store

From staff reports

news@joplinglobe.com

NEOSHO, Mo. — Neosho officials on Tuesday said they issued a building permit for a $6.6 million Lowe’s Home Improvement Store. The city received the permit application Monday.

Lowe’s is planning to build a store of 93,000 square feet with an additional 26,000 square feet of garden space. The store will be across from the Wal-Mart Supercenter on Clemons Drive.

According to a press release issued by the city, the store is expected to employ 120 people.

Lowe’s is projecting annual sales of $20 million, according to the city, and that would result in $500,000 in additional sales-tax revenue for the city.

Of that, $250,000 will go into the city’s general fund. The remaining $250,000 will be used to pay for infrastructure projects needed for the store under the city’s tax increment financing arrangement.

The Neosho City Council approved the plan earlier this month after a recommendation from the city’s TIF commission.

Ryan Swanson, a site development manager for the home-improvement chain, said preliminary work could begin in August, with the store opening planned for sometime next year.

Text Only
Business
Poll

Joplin City Manager Mark Rohr wants the city to distribute weather radios to all Joplin homes that don’t have one. That’s 11,000 radios. Do you think that’s a good use of $300,440?

Yes.
No.
     View Results
Facebook
Facebook
Poll

Joplin City Manager Mark Rohr wants the city to distribute weather radios to all Joplin homes that don’t have one. That’s 11,000 radios. Do you think that’s a good use of $300,440?

Yes.
No.
     View Results
Twitter Updates
Follow us on twitter
Follow me on Twitter
NDN Video
Obama Scraps Birth Control Mandate US Airmen's Killer Sentenced to Life in Germany Navy Names Ship for Gabrielle Giffords Raw Video: Deadly Blasts in Syria Romney Slams President Obama at CPAC Gingrich: Pres. Obama 'waging War on Religion' 5 Killed in Wrong-way Crash on I-10 in La. Uzbek Man Pleads Guilty in Plot to Kill Obama Denver's Largest-Ever Drug Bust Nets Dozens Marines: No Punishment for Nazi-like Flag Vets Look to Translate Military Skills Into Jobs Raw Video: School Bus Burst Into Flames LA School Reopens Amid Sex Abuse Scandal $25B Settlement Reached Over Foreclosure Abuses Pentagon: Allow Women Closer to Front Lines LA School in Sex Abuse Scandal Reopens Raw Video: Italy's Mount Etna Bursts Into Life Greeks March; Angry Despite Debt Deal Air Force Airlines: Leaders Get Polished Service Ga Girl Fights Off Kidnapper at Walmart
House Ads
Local News