Charly's Market in Downtown Eau Claire to close

By: NEWS RELEASE
By: NEWS RELEASE

(NEWS RELEASE)

A local developer will be looking for a new downtown grocery store operator.

Geoff Moeding, President of Moeding Partners, LLC, has notified the City of Eau Claire Redevelopment Authority and the City of Eau Claire today, that Charly's Market will be closing.

Charly's Market operator Carolyn Miller has announced she has plans to close the store in the coming weeks.

"While we are disappointed, we appreciate the efforts of Geoff Moeding for trying to bring a grocery store to this growing urban neighborhood," said Mike Schatz, Economic Development
Director.

"Although this particular business operator was not successful, we are confident that this neighborhood will only continue to grow and ultimately be able to support an established,
well-funded grocery store.

Overall, the Phoenix Park neighborhood has been very successful."
In July, 2011, Miller announced she would open Charly's Market at 225 E. Madison Street.
The 4,200 square foot store features a high-quality meat department and meals that could be picked up quickly for people on the go. The store opened its doors in May of 2012.

Last year, the Redevelopment Authority provided a $200,000 incentive to the developer in an effort to attract a grocery operator to the area. To date, Moeding has received $150,000.

Moeding says $100,000 of the $150,000 he received, was utilized for building infrastructure, in equipment, and in fixtures-all of which will remain in the building and could be used by a future
grocery operator.

Schatz says Moeding has exceeded the assessed valuation he contractually guaranteed; there are more people living in the area than when the redevelopment district was created, the
housing units are completely filled, and there are many new businesses serving and strengthening the adjacent residential neighborhoods.

Moeding and city leaders are currently discussing the options and opportunities that this closing presents, with potential future grocery operators.


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