Wal-Mart to Open Talks in Burbank
The Burbank City Council is expected to approve an agreement Tuesday to negotiate exclusively with Wal-Mart Stores for the development of an $111-million shopping center for discount retailers on property being vacated by Lockheed Corp., officials said.
Under the the agreement, Wal-Mart, the nation’s largest retailer, and city officials will negotiate for up to 10 months on the planned open-air center, which would have a minimum of 750,000 square feet of retail space.
