His non-racing business interests are real estate development, principally developing store sites for big box retailers.

A restaurant was moved to the old store site to make room for a new building closer to the center of town.

At One Beacon Court, part of the development on the old Alexander's store site, prices will top out at $26 million.

"There's no dearth of possible store sites for us," he added.

Yet despite the statement of Kmart officials that each store site is a case-by-case matter, industry analysts who track the company's decisions over time see a trend.

Joe, you haven't leased your big store site, have you?

After Bud sort of stepped back from his involvement with locating and buying store sites, Jim took over.

When we meet opposition to a prospective store site, we try to work with the opponents to see if we can reasonably satisfy them.

A third misjudgement was an initial selection of other store sites in areas that did not then have the necessary demographics to meet sales objectives.

Moreover, a developer gave Cabela's its 40-acre store site in Lehi, according to company and town officials.