Closures add to west side's retail woes: Lafayette Square area faces more hurdles as Lazarus, Kmart depart, new stores pick locations farther west. (Focus: Commercial Real Estate).

Indianapolis Business Journal,  February, 2003  by Anthony Schoettle

Tags: closure, commercial real estate, K Mart, Square

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With Lazarus and Kmart stores adding to a litany of closures in the Lafayette Square area, there appears to be little for local leaders to cheer about.

But a group of city officials and volunteers headed by the Lafayette Square Area Business Alliance is not about to give up on the area on the city's west side just because two major retailers have announced plans to leave.

"Many retailers are in this area for the long haul," said Tammara Tracy, Pike Township administrator, a position appointed by the mayor. "We aren't very happy about Lazarus and Kmart, but that's ...