I received the following e-mail from Michaela Brady, a resident of Overland Park. It points out the recent newspaper article on K-Mart's financial troubles. The Overland Park City Council approved a Super K-Mart at 135th and Antioch without considering the financial health of the company.

"Bob,

Just thought NeighborhoodNete might like to know that the newly approved Kmart at 135th and Antioch is in trouble. Would you put this on the website? It is an article from Jan. 3 Business section "The Morning Memo", front page.

'Rating Downgrade

Shares of Kmart Corp. fell more than 13 percent Wednesday after an analyst downgraded the stock to "sell" citing disappointing fourth-quarter sales and earnings and a "precarious" cash position.

Prudential Securities Inc. said it won't be surprised is Kmart files for Chapter 11 bankruptcy "if trends do not improve" in the next six months.'

Kmart, or course, denies it is in trouble, but where there's smoke, there's fire.

We have just approved a super version of Kmart on one of our prime corners, and we now know that we may be building another big box that will "go dark" before it opens. This kind of news demands the City Council's attention. We need to be proactive about this.

Thanks.

Michaela"