Though details were murky Sunday, preliminary reports indicate Home Depot may move into the building.
Kenai Mayor John Williams said the lease for the building was transferred from Kmart to Home Depot last week and representatives from the Atlanta-based building-supply store have visited Kenai City Hall to inquire about permits to remodel the facility.
A spokesperson for Home Depot, however, said the final decision has not been made.
Spokesperson John Simley said the company is part of a consortium (including Wal-Mart and Kohls ) that bid on about 15 closing Kmart facilities. But, he said, the bankruptcy judge in the Kmart case had not ruled on the final assignment of the buildings as of Friday.
If the judge approved the case, the Kenai facility would be purchased by Home Depot, not another member of the consortium, Simley said.
The owner of the building was not available for comment Sunday.
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