Posted inBreakingBusinessLocal news

Caledonia Kmart to close by mid-December, company officials say

CALEDONIA, WI – Kmart, 5141 Douglas Ave., will close its doors by mid-December, leaving those employees without a job. Officials cited a weak retail environment and operational difficulties as the reason for the closure after the chain store. Greenwich, CT-based TransformCo LLC, a subsidiary of ESL Investments Inc.,  acquired the Illinois-based Sears Holdings Corp., LLC […]

Posted inBusinessGovernmentReal Estate

Regency Mall Area Eye’d For TIF District Improvements

After Sears, Kmart and JC Penney left Racine, a 134-acre parcel that includes Regency Mall, surrounding out lots and High Ridge Center has become the target of a potential tax incremental finance district in Racine. The city plans to propose forming a tax incremental finance (TIF) district to help spur development by offering incentives and […]

Posted inBreaking

Caledonia Completes Purchase Of Land Behind Kmart

Caledonia finalized the purchase of 23.6 acres of land adjacent to Crawford Park, a property that could be used as a possible site for municipal buildings, said village officials. In a unanimous decision, the Caledonia village board approved the $186,677 purchase at its board meeting held Monday night. Village administrator Mark Janiuk said the land is currently being farmed […]