Kohl's drops plans to build new corporate building
MENOMONEE FALLS - One of the state’s biggest employers is pulling back plans for expansion.
Kohl’s Corporation is set to buy buildings near its corporate headquarters instead of building another campus miles away.
In a statement released Thursday, a company spokeswoman announced the company would buy a number of facilities around the business park where the company’s headquarters is located. The buildings would be used to house IT workers, a wellness and fitness facility, and a daycare.
This move cancels a $250 million proposal to construct a second, 100-acre campus at Woodland Prime Office Park, also in Menomonee Falls.
The company would not release a reason for the change of heart.
“We knew the planning process would require ongoing consideration and flexibility and that some of the tentative plans we laid out in 2012 may change,” explained Kristen Cunningham, a company spokesperson.
Last July, state economic leaders pledged millions of dollars in tax credits—based on the original proposal. Now, how much the company will receive for growing business remains to be seen.
"At this point, though, it's really too soon to tell, but we're definitely talking to the company and trying to get a better handle on what exactly their plans are," explained Mike Maley, spokesman for the Wisconsin Economic Development Corporation.
No timetable was given on the company’s expansion.