Kmart 9039
| Kmart #9039 | |
|---|---|
 | |
| Store number | 9039 |
| Address | 2460 East Mansfield Road |
| City | Bucyrus, Ohio |
| Opened | June 24, 1976 |
| Closed | March 17, 1999 |
| Retail floor area | 40,000 square feet (3,700 m2) |
| Next tenant | Hebco Products[1] |
| Coordinates | 40°48′40″N 82°59′18″W / 40.811240°N 82.988444°WCoordinates: 40°48′40″N 82°59′18″W / 40.811240°N 82.988444°W |
Kmart #9039 was a Kmart discount department store located at 2460 East Mansfield Road in Bucyrus, Ohio. The store opened on June 24, 1976[2] and closed on March 17, 1999.[3][4]
A groundbreaking ceremony was held for the store building on August 19, 1975.[5] The store was developed by H-R-K Bucyrus Limited, a partnership owned in part by then-Ohio governor Jim Rhodes 
, although Rhodes' part of the business was held in trust while he was governor. During construction in 1976, it was discovered that the developers had received a $1.01 million loan from the Standard Savings and Loan Company of Columbus, violating a state law which prohibited savings and loans from loaning more than 10 percent of their withdrawable assets to a single borrower. The loan was made one day after the state government approved Standard's application to open a new branch in Newark. The allegations of illegal activity did not affect the store's opening a few months later.[6][7]
References[edit | edit source]
- ↑ Miller, Lisa. "Hebco expanding into former Kmart building", Bucyrus Telegraph-Forum, September 18, 1999, page 3A.
- ↑ "New K mart Store Opened Here", Bucyrus Telegraph-Forum, June 24, 1976, page four.
- ↑ Miller, Lisa. "Blue light flickering... Bucyrus Kmart store to close March 17", Bucyrus Telegraph-Forum, March 13, 1999, front page.
- ↑ "Kmart latest" spreadsheet.
- ↑ Histed, Bill. "Ground Breaking Held For New K-Mart Store", Bucyrus Telegraph-Forum, August 19, 1975, front page.
- ↑ "Rhodes Firm, In Trouble In Ind., Also Involved In K Mart Building Here", Bucyrus Telegraph-Forum, April 27, 1976, front page.
- ↑ "K-Mart Development Loan Is Called Illegal", Bucyrus Telegraph-Forum, April 28, 1976, front page.