May 27, 2004

WM in Chicago: 1 Down, 1 to Go

Wal-Mart gets into Chicago:

Chicago's city council Wednesday approved Wal-Mart Stores Inc.'s plan to build its first outlet in the third-largest U.S. city following an impassioned debate about whether the world's largest retailer will usher in prosperity or misery.

But a second rezoning proposal that would allow a second Wal-Mart store in another impoverished Chicago neighborhood fell one vote short of approval, and the plan was referred back to a council committee.

50% +1 of the aldermen are needed to approve a resolution. The first had 32 positive votes, the second only 25.

Posted by Kevin on May, 27 2004 at 09:18 AM | TrackBack

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