Sports Authority Could Close All 450 Stores; West Suburban House Prices In Slow Post-Crash Recovery

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The inside of a Sports Authority store in Park Meadows. | chainstorage.com 

Monday, May 2, 2016 || By Michael Romain || UPDATED: 2:56 p.m.

In  March, national retail chain Sports Authority announced that it would file for Chapter 11 bankruptcy protection and close or sell roughly 140 stores and two distribution centers, including one in Chicago.

Now, the chain is reporting that it plans to close all of its 450 stores nationwide in the coming months, according to multiple media reports. The company is reportedly more than $1 billion in debt.

There’s a Sports Authority located in North Riverside, one of the few remaining stores in the western suburbs. To read more, click here, here and here.

Median home prices in Bellwood, surrounding areas slow to rebound after crash

According to an April 23 Crain’s Chicago Business report, median prices for single-family homes in Bellwood, as of December 2014, were more than 40 percent below where they were during their pre-crash peaks. Crain’s ranked them fifth-lowest from peak in Cook County (see the Crain-produced map below). As the map shows, median home prices in the communities surrounding Bellwood haven’t soared back to their pre-crash peaks, either. To read more, click here. VFP

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