fbpx
Connect with us

Business

Economy and supplies lead to holdup for residential project to replace old Kmart in La Crosse

Published

on

Inflation and supply chain problems are being blamed for some of the delays holding up the Copper Rocks development in La Crosse, where the old Kmart was located. 

Kmart closed in 2017. 

Jeremy Novak from Three Sixty Real Estate Solutions in La Crosse said planners expected Copper Rocks to move ahead quickly, when the project was announced in January of 2022.

The former Kmart store at State Road and Losey Boulevard in La Crosse.

“We had every intention of moving things forward, after that meeting,” Novak told the La Crosse Redevelopment Authority on Thursday, “and our intent was to break ground last summer.”

Novak told WIZM back in January of 2022 that Kmart was expected to be demolished last summer.

What has caused the holdup?

“Inflationary impact on materials and costs of building materials has been significant,” Novak said, “as well as interest rates now have jumped up in the last 12 months.”

Novak added that demolition of Kmart and a groundbreaking for Copper Rocks is now expected some time this year but a schedule will be more definite after funding has been secured.

The developers are applying for grants from La Crosse County, and state government.

A native of Prairie du Chien, Brad graduated from UW - La Crosse and has worked in radio news for more than 30 years, mostly in the La Crosse area. He regularly covers local courts and city and county government. Brad produces the features "Yesterday in La Crosse" and "What's Buried on Brad's Desk." He also writes the website "Triviazoids," which finds odd connections between events that happen on a certain date, and he writes and performs with the local comedy group Heart of La Crosse. Brad been featured on several national TV programs because of his memory skills.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *