Posted by:
Kchi
(---.dsl.chcgil.sbcglobal.net)
In addition to the waterfalls being gone for years, Macy's closed the warehouse down several years ago, Can anybody explain why a company would want to maintain and pay taxes on such a huge property instead of selling or knocking down the huge warehouse space? Just like the old Sears complex on Homan and Arthington, there is not much value in old multi-storied warehouses. The big issue now days is the inefficiency and expense of moving product up and down on elevators versus modern single story warehouses that use forklifts and other automated equipment, cross docking and just in time delivery to keep inventory as low as possible.
In addition, I am curious, did Olson Rug ever make rugs or was the property simply used for warehousing and distribution?