According to Inside Indiana Business, Indiana Governor Mitch Daniels and Wal-Mart Vice Chairman John Menzer will hold a news conference later this morning in the Lafayette Square area of Indianapolis and will announce plans for a Wal-Mart Supercenter.
Which means that the Lafayette Square area has officially hit bottom.
In April, Wal-Mart Chief Executive Lee Scott said the company planned to build 50 stores in areas with high crime or high unemployment, according to an Associated Press report today.
Menzer, who heads the company's U.S. operation, planned to visit both Indianapolis and Pittsburgh today, "to announce that the company is moving into neighborhoods in each of those cities where commerce has faltered".
The Lafayette Square site in Indianapolis is to get a Supercenter, which is planned to open in 2008.
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