“Someone could buy the shell and put multiple structures inside it. “There are people who want to go in there,” he says. But Zollinger believes that scenario is unlikely. In order to have that payment lowered, Sears Roebuck will need to challenge the building’s taxable value – a viable option if the property remains vacant for an extended period of time. SR Acme LLC – a subsidiary of Sears Roebuck that owns the actual building – paid approximately $60,000 in taxes in 2016. In terms of impact to the township’s tax base, Kmart paid just over $2,000 in personal property taxes to Acme Township in 2016. Zollinger predicts some former Kmart employees will go to the new Meijer in Acme, while others may turn to new restaurant positions or “change careers.” “We’ll always be affected when a store goes away…but (in terms of jobs) there are a lot of places here looking for people,” he says. While Zollinger says the closure is likely to have some community impact – Kmart had the most cost-effective pharmacy options for veterans, he notes – the overall economic impact will likely be minimal. “I think you’re seeing the same thing all over the country, where (chains) are looking to make changes based on the demographics of the market and online retail,” he says. The store employed roughly 50 part-time staff and a handful of full-time positions, estimates Acme Township Supervisor Jay Zollinger. In Acme Township, Kmart is expected to close its doors at 6455 US-31 by the end of March – one of 10 Michigan locations closing this year. Two such closings will affect Grand Traverse County when MC Sports and Kmart close their doors this spring.īut while Traverse City may not be immune from the big-box decline, developers and officials say the region is still a bright spot overall in the market – with new opportunities coming for employees and buildings affected by the local closures. The rising popularity of online retail sales is pushing many big-box stores out of the market, resulting in a surge of chain bankruptcies and corporate restructurings that have closed hundreds of stores across the country.
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