That’s right, plans have been submitted to bring a Home Depot into the city.
If all goes through, it’ll be built on the site of the former Foothill Ford and the current Hyundai dealership.
As you might remember, the Foothill Ford shut down June 1 and at that time, dealership officials said they would be expanding the Hyundai dealership.
There’s obviously been a change of heart. We’re now hearing that another undisclosed dealership will be brought to the site in the next 60 days.
And regardless of whether the Home Depot goes in or not, those dealerships will likely be moving to more freeway accessible locations.
In the meantime, city officials say a Home Depot store typically brings in between $200,000 and $300,000 a year in sales tax revenue.
That’s a lot more than the estimated $100,000 yearly loss the city faces with Foothill Ford gone.