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Real Estate & Retail

Bally Fitness locations to close

June 23, 2009
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Bally Total FitnessTwo 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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