|The old Family Dollar store on South Holmes Avenue, which will reopen soon as Dollar Tree. (Trevor Paesl photo)|
In a quick call to the City of Idaho Falls Building Department, we learned it's being remodeled to become a Dollar Tree. A certificate of occupancy is expected to be issued next week.
Although the Family Dollar on North Woodruff near WinCo Foods has remained in business, the South Holmes store has been closed since spring 2014, when the company announced it was having problems. Family Dollar’s shareholders approved in January a $8.5 billion takeover bid by Dollar Tree, turning down a competing offer from Dollar General.
The merger had to be approved by the Federal Trade Commission, and that approval didn't come until earlier this month, when Dollar Tree and Family Dollar announced they'd agreed to sell 330 Family Dollar stores, settling a complaint that their proposed merger had the potential to hinder competition.