A slack cable storage apparatus includes a housing having a top, a bottom, sides, a back extending between the top, bottom and sides thereby defining a storage volume and a cable opening extending through the housing. A spooling assembly is located in the storage volume. The spooling assembly includes a spooling member about which a cable is to be wound. A retainer is moveably connected to the spooling member. The retainer has a cable storing configuration where the retainer overlies a spooling volume adjacent the spooling member and a cable access configuration where the retainer is moved to allow access to the cable when spooled about the spooling member.