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Cord Camera to close remaining Indianapolis store

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A camera business that once had more than 30 locations in Ohio and Indiana is closing six of its remaining eight stores in the face of dropping sales and increased use of smartphone cameras.

Just two stores will remain for Columbus-based Cord Camera, both in central Ohio, which had a dozen locations as recently as October.

The Columbus Dispatch reported Wednesday that two other stores will be closed in Columbus, two in Indiana — in Bloomington and Indianapolis — and two in Cincinnati.

The Indianapolis store is in Nora, at 1300 E. 86th St.

Cord had at least seven Indianapolis-area locations in the mid-2000s, with stores downtown, on the west side, in Castleton, Carmel, Greenwood and Fishers.

John Crotty, president and chief financial officer of venture capital firm Colfax Financial, Cord Camera's owner, said camera sales didn't meet expectations at Christmas.

He also said people are increasingly using smartphones to take pictures and aren't printing pictures the way they used to.

Cord was founded in 1954 as Fast Photo Service. It was run by the Cordle family for most of its existence before going into receivership in 2009.

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  • Film
    Also, if you're doing film I believe CVS and Walgreens stopped processing it. Maybe one still does it, not sure? I know one of them does not though.
  • Printing
    Yeah, I would only use those "24hr" services, let alone the instant ones as a last resort. The quality of the paper is awful (mine lasted about 3 years), and the colors are normally off quite a bit. I'd say go to Roberts to get prints, or go to Staples and do it. Staples is great if you want to print a 20X16, etc.
  • Photo Prints
    You can get photos printed at Walgreens (they have a great phone app that can transfer them from your phone to the store), Costco,and Fedex stores all print photos, I'm sure CVS still does as well.
    • Photo prints
      Marie, Any number of places still print pictures and several as Walmart and Sam's Clubs do a great job of taking digital orders on line and having one-hour pick up service at the store. Several drug stores, too, have printing kiosks and give quick turn around. Just because it's a drug store or Walmart don't think you'll get questionable quality. It's good stuff.
    • Oh no!
      I will miss them - is there anyone else in town who prints photos? Not all of us like to keep all our photos stored in a phone.

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      1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

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