Downtown St. Paul Macy's store free to close next week

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Macy's, the only major big-box retailer still open in downtown St. Paul, could leave town without penalty after Jan. 1, 2013, Minnesota Public Radio reports.

In 2001, the city of St. Paul gave what was then Minneapolis-based Dayton's a $6.3 million forgivable loan. The contract required the retailer, which later became Marshall Field's and then Macy's, to remain open through 2012 or pay back the loan with interest.

Last winter, city leaders remained optimistic that the Ohio-based retailer will keep its doors open in downtown St. Paul, but some industry observers told the Star Tribune it's not a question of whether the store will leave, but when.

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