The Biz Buzz - Wal-Mart puts in a unsuccessful bid for Elks property | The News Tribune... - 0 views
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mike jones on 19 Jun 09Wal-Mart recently offered to buy the Tacoma Elks' property at S. 23rd Streets and Union, but the organization turned down the retail giant's bid. "Wal-Mart was one of the bidders -- but I won't take that one," Gary Gaimbrone said Wednesday. Gaimbrone is the Tacoma Elks' special representative and is in charge of the lodge, including the property's sale. Gaimbrone said Wal-Mart's bid was close in price to the one he plans on presenting to the membership. "The problem with Wal-Mart is that they have too long of a contingency period," Gaimbrone said, adding that he was concerned the company would come back with a lower bid during that time period.