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

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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,

 

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

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