Pam Boyd
pboyd@eaglevalleyenterprise.com

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April 25, 2012
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What about City Market?

As Eagle prepares for the May 22 Eagle River Station referendum, one of the biggest rumors circulating around town relates to the long-term plans for City Market in Eagle.

While the town is prohibited from singling out a single business when reporting sales tax revenues, the Market Street commercial area, which includes City Market, is responsible for 46 percent of the community's overall sales tax collections. Because the supermarket contributes the lion's share of the community's sales tax revenues, Eagle officials became nervous when the rumors concerning a possible move for the supermarket surfaced.

Town consultant Arne Ray of Ray Real Estate Services looked into the issue and reported that Kroger, the parent company of City Market, has recently been expanding existing stores to 60,000 to 70,000 square feet. The Eagle City Market is 38,000 square feet and its site is space constrained.

Kelly McGannon of City Market responded to the issue this week by noting the company likes its Eagle site and the store is profitable. What's more she noted the company owns, not leases, its current Eagle site. McGannon added City Market is committed to continuing operations in the downvalley area.

"Are there some limitations to the Eagle store? Sure. The site is limited regarding ways to expand it," said McGannon. "And of course, we are always looking at other sites."

McGannon said City Market has looked at ways to expand the Eagle store and a possible relocation to the ERS property. McGannon said Kroger is not "actively pursuing" a relocation to ERS at this time.

McGannon also noted that the company does not have a "one-size-fits-all" plan for store expansions but rather looks at each individual community, and that would be the case in Eagle.


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The VailDaily Updated Apr 25, 2012 01:49PM Published Apr 25, 2012 01:48PM Copyright 2012 The VailDaily. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.