Kasich: No Bidding War For Sears

The Sears Holding Corp. headquarters in Hoffman Estates, Ill.(Photo: Sears Holding Corp.)
The Sears Holding Corp. headquarters in Hoffman Estates, Ill.(Photo: Sears Holding Corp.)

It’s looking less and less likely that retail giant Sears will relocate its corporate headquarters from Illinois to central Ohio.

The state legislature in Illinois is considering an incentives package worth $275 million. That’s substantially less than the $400 million deal Ohio offered, but Governor John Kasich says he won’t get into a bidding war.

“No, a bidding war implies that there’s no ceiling. There are ceilings to what we can do. My feeling is that if the legislature in Illinois passes something special, they’re going to stay in Illinois. I don’t think they’re going to ask them to stay in Illinois, then thumb their nose at them.”

Kasich says he tried to sell Ohio as a “good place to do business” since Sears has had financial trouble in recent years.

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