The Coquille Economic Development Corporation announced this afternoon that its deal with Home Depot to locate a store on tribal waterfront property has fallen through.

In a press release, CEDCO officials said they had received notice that Home Depot was terminating its lease.

It was in January when CEDCO, the business arm of the Coquille Indian Tribe, finalized the lease agreement with the home improvement retail chain, to develop a 130,000-square-foot store on the Ko Kwel Wharf property — a 50.5-acre parcel located north of The Mill Casino-Hotel in North Bend. The Home Depot was to be the keystone of the Ko Kwel Wharf Project, a 35- to 38-acre mixed retail development. Plans called for the Home Depot site to be surrounded by more than 150,000 square feet of retail shops, restaurants and entertainment venues, with a bayfront walkway connecting to the city of North Bend’s urban renewal project. Construction was slated to begin as early as spring.

“We are surprised and disappointed that Home Depot has chosen this course of action,” CEDCO Chief Executive Officer Brady Scott said in the press release.

In the press release, Scott said Home Depot’s “cited reason for the termination is an issue that easily could have been remedied.”

Scott was unavailable for comment, and CEDCO Communications Coordinator Ray Doering declined to specify what the cited reason was.

The termination is an abrupt end to years of effort. The January lease agreement came nearly two years after the project was first announced to the community by CEDCO officials, not to mention two years of work to prepare the site, two years of negotiations with Home Depot representatives and two years of overcoming other obstacles to the project.

No one from Home Depot could be reached for comment this afternoon.