Wal-Mart to open a superstore on site of former racetrack

Cicero, Ill. -- The town of Cicero, Ill., and Wal-Mart Stores announced an agreement on Tuesday to build a Walmart Supercenter on a portion of a former racetrack site.



Under the contract, Wal-Mart will pay $7.5 million for 24.67 acres of land at the long-vacant and dilapidated Sportsman’s racetrack to construct a 190,000-sq.-ft. store.



Cicero will continue to own 10 acres of the remaining Sportsman's property, which is reserved for future retail expansion and development.