Wal-Mart, innovation, and access
Independent InstitutePosted: July 24th, 2008 by Thomas L. Knapp
Author: Art Carden
“Last week, Wal-Mart’s revised application to build a new store in Cordova, a suburb of Memphis, Tennessee, was accepted by the local Land Use Control Board. After controversy ignited over the company’s original plan — which involved developing more than a quarter-million square feet of experimental, upscale, sustainable retail space — it made significant compromises before resubmitting last Thursday. Wal-Mart’s proposal illustrates important facts about economic development, and in an area that has been home to countless entrepreneurial and cultural innovations, the city should take some of these lessons to heart. This is a great opportunity for the Memphis region — the home of FedEx and Holiday Inn — to build on a strong tradition of innovation.” (07/17/08)
