Thank you for taking the time to share your concern about our store on Classen. We want to remain your local neighborhood grocer. I am the President of HAC Inc, and the current parent company for Homeland. I, too, want a better shopping experience for you and your neighbors. Our store's current District Manager will begin immediately addressing cleanliness of our current facility.
Behind the scenes, we have been doing market surveys on the trade area and looking for an alternative location to build a new store in your area. That search has not proven fruitful. The city has come up with some downtown locations, but there is not sufficient downtown population to support the profitable operation of a new store downtown, yet.
As a result, we have engaged a store design group to begin an review of your current store and to give us an architectural drawing for a total remodel of our current store. We believe this remodel will cost between $2.5 and $3.5 million dollars. To offset some of this cost, we will be asking the city to consider a possible tax abatement for some period of time. This process can be lengthy.
The process is underway now. I thank you for your current business and hope you will be patient with us as we try to work through the steps required to complete a remodel of your store.
Thank you again for your concern and feedback, Sincerely, Darryl Fitzgerald, President and CEO.
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