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So Long, Home Depot: Mega Store Pulls Plans for Valley

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Wrought with the economy hitting them hard and massive community and city opposition, Home Depot officially announced today that they are done trying to open a store in the Northeast Valley and are dropping their $10 million lawsuit against the city of Los Angeles.

"Throughout this process, we complied with all laws and regulations in relation to the site and believe that lawsuit was just," the home building store said in an e-mailed statement. "However, given the steps the City is requiring for us to move forward, coupled with the current economic landscape, it simply no longer makes business sense for us to pursue this project."

Scrawled in a big font on their website, community activists at the No Home Depot in Sunland-Tujunga Campaign website wrote "We are literally shaking (and celebrating)!"

“We’ve put our heart and souls into this. It’s a great outcome. We just hope now that we can find a developer who will develop the site in a way that suits the community’s needs," said Abby Diamond, a board member with the Sunland-Tujunga Alliance, to the LA Times.