Amazon buys Old Chicago mall, amusement park but doesn't share plans - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

Amazon is paying $50 million to take over the historic site of a once-beloved Chicago amusement park and mall

Though an Amazon spokesperson told Business Insider it has a policy of refraining from commenting on its "future roadmap," if recent purchases are any indication, the space is likely to become a fulfillment or customer service center. In February 2019, Amazon bought the 695,383-square-foot location of the, part of a redevelopment the company dubbed "Project Carney."

Meanwhile, Amazon has opened more than 20 warehouses in the state of Illinois alone, and in January it leased a distribution center on the site of the Maywood Park horse track in western Chicago, according to the Tribune. "Amazon is a dynamic business and we are constantly exploring new locations and weighing a variety of factors when deciding where to develop future sites to best serve customers," the Amazon spokesperson told Business Insider. "This land purchase in Bolingbrook provides us with the flexibility to quickly respond to our future network needs."

Old Chicago opened in 1975 with a 16-story dome that featured 215 stores, a handful of theme park rides, a concert venue, and circus performers. However, within just a matter of a few years, management started to struggle to keep up with the cost of maintaining the space. Increased competition from the opening of a nearby Six Flags, paired with troubling moments like the death of a trapeze artist during a performance, caused attendance to drop,

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Cheap Property with plenty of parking. Makes a whole lot of sense.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon wants Trump to testify on ‘order to screw Amazon’ in Pentagon dealThe Amazon.com Inc unit alleged that Trump, who has publicly derided Amazon head Jeff Bezos and repeatedly criticized the company, exerted undue influence on the decision to deny it the $10 billion contract. Known as the Joint Enterprise Defense Infrastructure Cloud, or JEDI, the contract is intended
Source: YahooNews - 🏆 380. / 59 Read more »

Amazon said Oracle's CEO influenced Trump to reject its JEDI bid - Business InsiderAmazon claims Trump was motivated by his dislike of Jeff Bezos and influenced by Oracle CEO Safra Catz to 'screw' the company out of the $10 billion JEDI contract techinsider So
Source: BusinessInsider - 🏆 729. / 51 Read more »

Sanders, Warren, other US senators slam Amazon safety record as dismal - Business InsiderUS senators wrote a letter to Amazon CEO Jeff Bezos severely criticizing the firm's attitude toward worker safety. These Dems are amazing..is this their plan to beat Trump..all this under purview of OSHA..what they are trying to address is unkversal healthcare in a roundabout fashion..ignoring the jobs/taxes Amazon creates/pays..their rhetoric is state mandate. Talk healthcare head on period. Amazon will be their new bff soon. Just watch. Amazon lawsuit will be Dems next Russiagate 2.0 / Ukraine 2.0. Another coup another day.
Source: BusinessInsider - 🏆 729. / 51 Read more »

FTC looking at past acquisitions by Amazon, Facebook, Google, others - Business InsiderThe FTC is looking into past acquisitions by Amazon, Apple, Facebook, Microsoft, and Google-parent Alphabet as it ramps up antitrust inquiries nothing will come up it, and in the end, after all the appeals by the business, only a low-level nobody will be accused. All of them should pay me. My e-commerce was not for free. Do not get comfy with that, unless you pay. With social network too Got rich because of some spying. Should pay for that.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Alibaba, Amazon, And The Oscars Ensure This Woman’s Business Is Off To A Good StartI am president of Ventureneer, which specializes in defining and eliminating problems that hold underrepresented entrepreneurs back, especially minorities and women. Our work provides clients with branded research, training and content opportunities that generate thought-leadership, visibility, sales, and brand loyalty. I am a WE NYC and digitalundivided mentor as well as an advisory board member of Million Dollar Women, Women Startup Lab, and Aleri Research.. Wow.. we need to check this one out.. has anyone at behindthewoman1 tried them.. Great article supporting female entrepreneurs!
Source: ForbesWomen - 🏆 477. / 51 Read more »

Amazon taps Hollywood veteran Mike Hopkins to bolster studio and Prime VideoMike Hopkins, who has led Sony Pictures' television operation for more than two years, now will report to Amazon founder Jeff Bezos. Of course he’s a man. 🤦🏻‍♀️ I know this is from last year, but, any idea how I can contact Mike Hopkins, please? It's concerning Amazon's brilliant series, 'Mozart In The Jungle', to ask if more series can be made. It was superb.
Source: latimes - 🏆 11. / 82 Read more »