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Home Depot Gears Up in Midwest Oregon, Bears Down on Wall Street

SPRINGFIELD, OR-The company plans to break ground here sometime next March and open up shop in early 2002. Of course, these plans predate a 28% drop in the company's share price yesterday.

By Brian K. Miller | Updated on October 13, 2000

SPRINGFIELD, OR-Home Depot is days away from filing for approvals to construct a 100,000-sf store here on a grass-seed field near 28th Street and Marcola Road, in the Hayden Bridge area.

A source with the company says management is in final negotiations with the owner of the property for a long-term lease, all contingent upon the home improvement retailers ability to build on the property. The land is owned by a family trust controlled by Eugene businessman Al Pierce.

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