EAST DUNDEE – Wal-Mart may move from its East Dundee store to nearby Carpentersville.
during a recent meeting with East Dundee officials, company representatives said they planned to close the store at 620 Dundee Ave. and relocate a few miles away in Carpentersville.
"Plans haven't been finalized, but they gave notice," East Dundee Village Administrator Bob Skurla said.
Wal-Mart hasn't applied for a building permit in Carpentersville, said Carpentersville Assistant Village Manager Joe Wade. He said discussions with prospective businesses are usually confidential.
Wal-Mart plans to purchase property bordered by LW Besinger Drive, Lake Marian Road, and Route 25 in Carpentersville, said Greg Besinger, managing partner of Besinger entities, which includes Meadowdale Shopping Center and Meadowdale Apartments.
The land deal gives the world's largest retailer plenty of time to study the site before making a decision, Besinger said. He added that it's ultimately up to Wal-Mart to decide if it will build a store there.
Wal-Mart has been in East Dundee for more than 20 years. It generates about $850,000 in taxes for the village annually. Losing that revenue could put a hole in the village's $5.9 million annual general fund budget, but Skurla said the village recently annexed several local businesses and is working to attract others to help offset the potential loss.
In 2006, Wal-Mart had considered leaving East Dundee for another location, but remained at 620 Dundee Ave. The company's lease there expires in 2017, Skurla said.
Even if Wal-Mart moves to Carpentersville, it is likely to take some time before the new store is opened.
Wal-Mart opened a new, larger store in Johnsburg in late 2011 nearly 2-1/2 years after announcing it was moving from its location in neighboring McHenry.
An email to Wal-Mart officials wasn't immediately returned Thursday.