RAYTOWN, Mo. - After months of planning, Wal-Mart has officially backed out of its plan to build in Raytown, Mo. Last week, the retailer told city officials they planned to back out of the project.
On Tuesday, Raytown city officials received a letter from the company, saying they have withdrawn their application to build a Neighborhood Market in the downtown area. However, they did not cite a specific reason for their withdrawal.
"It's always disappointing when we work with a developer on a any project for, in this case, six to seven months, and at the end of the process, the project goes away," said John Benson, Raytown director of development and public affairs.
The re-zoning application had recently been approved by the Board of Alderman, with a compromise to operate between the hours of 6 a.m. to 10 p.m. Wal-Mart officially wanted the store to be open 24 hours.
Despite the news, city officials still have high hopes for the property.
"Our goal is still to have that property developed, that's why the city purchased it," Benson said.
The city-owned property at East 63rd Street and Blue Ridge Boulevard is still up for sale.