California-based L.A. Fitness, one of the heavyweights in the local health club business, is buying 171 Bally Total Fitness
locations, including its only area location, at 5435 W. Pike Plaza Road in Indianapolis.
The deal is the latest shakeup in the U.S. health club industry, which is consolidating after a spurt of overbuilding. The
changes are rocking the Indianapolis health club market.
On Nov. 15, Florida-based Lifestyle Family Fitness said it was selling two Indianapolis clubs to Minnesota-based Life Time
Fitness and was shutting two others. Days earlier, Cardinal Fitness abruptly closed six of its 12 area locations.
A letter posted by Cardinal Fitness said "operating expenses, marketing costs, and an incredible amount of new competition
has increased to the point that competing is no longer possible" at the locations it closed.
L.A. Fitness is buying all but 100 of Chicago-based Bally's clubs. The deal is expected to close by the end of
the month. L.A. Fitness already operates eight health clubs in the area.
IBJNews
L.A. Fitness buying Bally clubs, including Indy location
Sponsored by
ADVERTISEMENT
on Facebook & Twitter
on Facebook & Twitter
 Follow IBJ's Tweets on these topics: |
||
| @IBJNews | @Propertylines | @IBJTheScore |
| @IBJArts | @IBJHealthcare | @IBJDining |
| @IBJLists | @IBJSmallbiz | |
-
City-County Councilor Angela Mansfield and Bob Lutz have a case of wishful thinking.
They obviously don't really care about the cost.
They should.
Extending Federal Benefits to Same-Sex Couples Will Cost $898M, CBO Says
http://www.foxnews.com/politics/2009/12/22/extending-federal-benefits-sex-couples-cost-m-cbo-says/ -
Brett, be careful what you lie about, the truth always comes out.
"IMS's George Honored: Tony George, Indianapolis Motor Speedway president and chief executive officer, received the inaugural Pioneering and Innovation Award at the Autosport Awards Dec. 5 in London for his leadership in the development of the Steel and Foam Energy Reduction (SAFER) Barrier. George received the award at the annual gala at the Grosvenor House on behalf of the creators of the SAFER Barrier from Prince Salman Bin Hamad Al Khalifa, the leader of the Bahrain International Grand Prix circuit. This is the fourth major award that has been presented to honor George and the SAFER Barrier development team. The SAFER Barrier also received the Louis Schwitzer Award, SEMA Motorsports Engineering Award and GM Racing Pioneer Award in 2002. The SAFER Barrier was installed in all four turns of the Indianapolis Motor Speedway a pioneer in safety for drivers, cars and tracks -- in time for the 86th Indianapolis 500 in 2002. It since has been installed at more than a dozen other tracks, and the latest iteration will be installed at the Speedway in the spring.(IMS PR), see more on my Indy Track News page.(12-7-2004)"
As far as the cart safety team, I cannot find anything on its date of creation. The Delphi Safety team was created in 1996. For some reason there is not much info out there on defunct racing series. -
Great article Anthony. Glad IMS is finally being run like a business and not a personal check book to finance the "Vision".
Things are looking up but 15 years of scorched earth won't be fixed overnight. Unfortunately the TV ratings are still poor and that won't change anytime soon with the brilliant 10 year contract signed under the former regime. -
Brett not sure why you wonder what he said in his quote. "''I would like to jump in a time machine, go back to 1995, and tell the owners and Tony George not to split,'' Franchitti said. ''As soon as my time machine is done, I know where I'm going.''"
Pretty clear, he would love to go back and tell TG and the team owners not to split.
I am not sure there is anyone who wanted the split, and I don't think there is anyone who would not like to go back and prevent the split. But, as has been discussed ad nauseum, without the split carts management by team owners would have run all of ow racing into bankruptcy. If cart had such a wonderful product, then losing IMS would not have forced it into bankruptcy. If NASCAR lost Daytona or Charlotte, it would not fail like cart did.
Truth,
So you predicted that cart would go into bankruptcy and cease to exist while Indycar would continue on? I missed that prediction. -
I want to live in a city that has a garage structure to be proud of for it's innovating design!
IBJ Featured Advertisers
ADVERTISEMENT
Back to TopCopyright © All Rights Reserved. Privacy Policy | Terms of Use.
Design, CMS, Hosting & Web Development :: ePublishing.
Additional Hosting & Delivery by
IBJ Conversations
4 Comments
Add Comment
http://www.change.org/petitions/lafitness-honor-reduced-fee-lifetime-contracts-of-bally-members-after-billing-period
http://www.change.org/petitions/lafitness-honor-reduced- fee-lifetime-contracts-of-bally-members-after-billing-period
2. The owners of LifeStyle are brilliant. Locate an adequate facility within a couple miles of LifeTime, suck away its members, then sell the membership to them and the buildings to developers. Even if it wasn't a plan, it sure worked out for them.
3. If LA Fitness wants to stay competitive, it has to buy whatever's left.