Hazelwood will give $5 million to Cabela's
By Norm Parish
ST. LOUIS POST-DISPATCH
02/01/2006
HAZELWOOD
A hunting and outdoor retailer will get $5 million from Hazelwood to help open its first store in Missouri.
The City Council agreed Wednesday night to provide the funding to Nebraska-based Cabela's for a nature museum that is spread throughout the store and includes displays of African wildlife, deer and a fish aquarium. Such displays are typical attractions in the retailer's stores.
Ground is expected to be broken on Cabela's by the end of March. The store, which will be on the southwestern portion of the mall at St. Louis Mills, is scheduled for completion this fall, city officials said. The 130,000-square-foot store would be the largest retailer at St. Louis Mills.
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"This will be really good for the St. Louis region," said Hazelwood Mayor T.R. Carr. "People will drive cross country just to shop here."
City officials said they believe the store will be helpful to the local economy during a time the area could lose jobs. Last month, local officials learned that the Ford Motor Co. assembly plant in Hazelwood could close its doors by 2008. The plant currently has 1,445 employees.
Cabela's officials said they would consider hiring former Ford workers as employees at the store. The store is expected to need 300 workers.
"We will look at any applicants who come in, but we are looking for outdoor experience, a passion for outdoor sports and a willingness to provide top-notch customer service," said Joe Arterburn, a spokesman for Cabela's.
The city will pay for the store's museum by issuing capital improvement bonds, which will be paid off through taxes generated from sales at Cabela's.
The store is expected to cost between $20 million to $30 million, said Kevin Rhodes, a Cabela's real estate official.
The store itself specializes in merchandise for fishing, camping, hunting and other outdoor activities.
This is the first time that Cabela's plans to build a store near a mall.
Cabela's officials said the reason why they are building the store at St. Louis Mills is because the area near it is growing and has plenty of retail traffic.
Cabela's started in 1961 as a small mail-order firm for fishing materials but has grown to a $1.7 billion company. It now has 14 stores nationally and a thriving catalog and Internet business. The closest store is in Kansas City, Kan. Aside from the Hazelwood store, Cabela's plans to open stores this year in Glendale, Ariz., Richfield, Wis., Boise, Idaho and La Vista, Neb.
At a glance
Cabela's sells hunting, fishing, camping and related outdoor merchandise. Dick Cabela founded the company as a mail-order business in 1961 out of Chappell, Neb. The company has its headquarters in Sidney, Neb.
The company's first retail store opened in 1987. By the end of 2005, the firm operated 14 retail stores ranging in size from 35,000 square feet to 247,000 square feet. Cabela's stores often feature museum-quality wildlife displays and large aquariums. Cabela's continues to offer its goods via mail-order and the Internet.
In June 2004, Cabela's (CAB) made its debut on the New York Stock Exchange.
Source: Cabela's Web site
Freelance writer Kathie Sutin contributed to this report.