A developer’s failure to reach an agreement on prices for property in Clearbrook led to the cancellation of plans for a Wal-Mart Supercenter there, a Wal-Mart spokesperson said Wednesday.

Kelly Hobbs, Wal-Mart's senior manager for public affairs, said Knoxville-based Holrob Investments “and a few of the sellers couldn’t come to a price,” making the project economically unfeasible.

Holrob referred questions to Wal-Mart.

Hobbs said Wal-Mart continues to believe the current store on U.S. 220 South is “overshopped” and that the company would still like to build a new supercenter in the region.

She acknowledged that the company has slowed its growth plans in recent months, but that “did not have an impact on this project.”

“Wal-Mart is committed to serving the Roanoke community, and we’re continuing to look at options to do so.”