Local business and civic leaders celebrated companies that “become St. Pete” in February, a list highlighted by Foot Locker’s impending arrival. The company has called off the moving trucks.
Foot Locker will no longer relocate its global headquarters to St. Petersburg following its acquisition by Dick’s Sporting Goods. Mayor Ken Welch’s administration notified City Council members in a memo Nov. 12, a day before they were set to vote on a formal update.
The Manhattan-based Fortune 500 company will no longer receive up to $475,000 in municipal financial incentives. Foot Locker planned to open an expansive office in St. Petersburg’s business-centric Gateway area this fall…