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Save a Lot may close

A recent CBS News Money Watch article lists the Save-a-lot in Raytown at 6250 Raytown Traffic-way as one of the stores the parent company is going to close. The effect on the city would be a reduction in sales tax while the property is empty, but the tax abatement would not continue if the store closes. The city and the school district will actually still be better off from the increased revenues from the property improvements. Hopefully the property owners have a tight lease, as they seem to be the only ones at great risk if the store closes.

Click HERE to read the CBS story on the closings.

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