Two local Bally Total Fitness locations will close today as part
of the parent company's reorganization under Chapter 11 bankruptcy. Gyms along U.S. 31 in Greenwood and behind The Fashion
Mall at Keystone in Indianapolis are among 26 locations the California-based company is closing nationwide. The pioneer of
fitness clubs, which has been in business more than 40 years, still has about 300 clubs. A third Indianapolis-area location
at 5435 W. Pike Plaza Road remains open. Bally has faced an explosion of competition in recent years as chains such as LA
Fitness and Lifestyle Family Fitness embark on nationwide expansions. Both chains have opened several new gyms in the Indianapolis
area.
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Welcome to Property Lines, Indy's source for neighborhood real estate news. Your host is Scott Olson, IBJ's real estate beat
reporter. Edited by Cory Schouten.
Two local Bally Total Fitness locations will close today as part
of the parent company's reorganization under Chapter 11 bankruptcy. Gyms along U.S. 31 in Greenwood and behind The Fashion
Mall at Keystone in Indianapolis are among 26 locations the California-based company is closing nationwide. The pioneer of
fitness clubs, which has been in business more than 40 years, still has about 300 clubs. A third Indianapolis-area location
at 5435 W. Pike Plaza Road remains open. Bally has faced an explosion of competition in recent years as chains such as LA
Fitness and Lifestyle Family Fitness embark on nationwide expansions. Both chains have opened several new gyms in the Indianapolis
area.
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I guess this just goes to unjustified idea that there is not enough residential (or no one creative enough) to build establishments that residents of downtown need. I live downtown, and I love it. However, I shouldn't have to drive to the ends of the earth for an affordable grocery store, department store, gym, or any other amenity.
And no, the solution isn't to move because I live a block from work and walk everyday. The need is here, if someone has the gumption to actually do it...
Back to topic, Bally's is just the roadkill of capitalism. They didn't change with the challenges brought by their competitors....now they're toast!
NIFS is so hard to get to (have to wind through IUPUI).
Another hit for IUPUI students (for a completely different reason) will be the new Crown Liquors opening in August at the SW corner of Ohio & Delaware.
I figure this place to be just like Cardinal Fitness.. Located right by Anthem/Lilly.
expensive and the facility is on the rough side. . .not to mention the fight
for parking when there is an event at the Rathskellar.