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**Updated 9 p.m. Nov. 24

A well-known local business could close its doors if plans for a new CVS Pharmacy become a reality.

Racine Cyclery is slated to close if a new 13,225 square foot CVS Pharmacy is approved for the southeast corner of Washington Avenue and Ohio Street, The Journal Times reports.

The new store has a tentative opening date of Fall 2015. The current CVS at 1122 West Blvd. in West Racine would close, the updated story in The Journal Times reads, leaving that building – and the former Piggly Wiggly next door – empty.

The bicycle store, American Coin and the vacant building in between – along with three homes and a former payday loan store – will all be demolished to clear the way for the new CVS.

Racine Cyclery owners Perry and Terri Oksiuta will most likely retire, and it is uncertain whether or not their son will take over in a new location, they will sell to an outside party or the shop will close permanently, the story reads. American Coin will move to a location in the 2500 block of Lathrop Avenue that CVS and its developer, TM Crowley, purchased for owner Bill Spencer.

Developer TM Crowley, from Indianapolis, IN, is scheduled to go before the city planning commission Wednesday for a conditional use permit.

City staffers told the newspaper that traffic at that corner needs to be addressed, and they have not come up with a recommendation for the planning commission.


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