PITTSFIELD, Mass. — Two major chains are closing storefronts in the Berkshires in the coming year.
Big Lots announced on Thursday it would liquidate its assets after a purchase agreement with a competitor fell through.
"We all have worked extremely hard and have taken every step to complete a going concern sale," Bruce Thorn, Big Lots' president and CEO, said in the announcement. "While we remain hopeful that we can close an alternative going concern transaction, in order to protect the value of the Big Lots estate, we have made the difficult decision to begin the GOB process."
The closeout retailer moved into the former Price Rite Marketplace on Dalton Avenue in 2021. The grocery had been in what was originally the Big N for 14 years before closing eight months after a million-dollar remodel. Big Lots had previously been in the Allendale Shopping Center.
Big Lots filed for Chapter 11 bankruptcy in September. It operated nearly 1,400 stores nationwide but began closing more than 300 by August with plans for another 250 by January. The Pittsfield location had not been amount the early closures.
Its website puts the current list of stores at 960 with 17 in Massachusetts. Most are in the eastern part of the state with the closest in Pittsfield and Springfield.
Advanced Auto Parts, with three locations in the Berkshires, is closing 500 stores and 200 independently owned locations by about June.
The North Adams store has had a "going out of business" for weeks and one of the Pittsfield stores is also slated for closure.
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Lanesborough Looks to Dissolve Baker Hill Road District
By Breanna SteeleiBerkshires Staff
LANESBOROUGH, Mass. — The Select Board is looking to move forward with dissolving the Baker Hill Road District, which is hindering the Berkshire Mall sale.
On Friday, the Select Board heard from Vice Chair Juli Baker and Chair Deborah Maynard on how Tuesday negotiations went with Cypress Equities, JMJ Holdings, town counsel, the town administrator, and state Rep. John Barrett III.
Baker said that during Tuesday's meeting, everyone agreed the goal was to have a successful sale of the mall for redevelopment as it’s in the best interest of the town.
Baker said Barrett assured them the state is willing to take the Connector Road and that the state is willing to provide grants to the town to renovate the water and sewer infrastructure, with an estimated total of $4.5 million, to facilitate the property's redevelopment.
"We have received assurances from Representative Barrett that the Commonwealth will provide the monies and will take the Connector," Baker said.
While buyer Cypress Equities saw some benefit in keeping the district, it now doesn't since the state is willing to provide the funds and renovate the infrastructure, according to Baker.
Baker said that in the meeting, Cypress Equities prefers to enter into a tax increment financing (TIF) and will add to the agreement an amount of funding for public safety services, which would have come from the district. She said Cypress said it would rather enter into one agreement with the town than two agreements with the town and the district.
Mall owner JMJ Holdings is willing to pay $350,000 to the town upon closing, Baker said.
The meeting Friday was to consider moving forward with a dissolution of the district.
"But the decision that it hinges on tonight is whether to move forward to the dissolution of the Baker Hill Road District in some manner," she said.
Baker said she has worked long and hard to see if there was another alternative to this, working closely with the district which has been "very cooperative and very helpful" in making changes.
The district had agreed to make changes to its governance and taxation; agreeing to have a cap for Cypress as well as agreeing to work to have the state take over the road, sending letters of support.
"What changed this for me is that I've always said it's important to have the special district because we get the public safety funding, and it's also important for the economic district to bring the features that an economic district brings because of what we're up against with the infrastructure problems, and the change at this point is that we have a buyer who is willing to supply that public safety money and commit to it over time, along with the TIF that the town would do, which is essential," she said.
"At this point, I feel like it's in the best interest of the town and protects the town the best in terms of a future where we can develop a mall and bring that economic benefit in. You definitely need to reduce taxes, and you cannot do that without a fully developed retail operation right there. So it's been, you know, deeply difficult decision making," Baker said.
Board members Jason Breault and Jeffery Walters agreed it was the best decision to move forward.
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