Local News

CLOSURE OF RICHMOND'S ELDER-BEERMAN IS IMMINENT

(Richmond, IN)--It’s one of the anchors of Richmond’s downtown and now it’s set to close.  Local employees of Elder-Beerman would not confirm or deny that they had been told Tuesday to expect closure in 6-8 weeks.  No buyers stepped forward yesterday for Elder-Beerman’s parent company, Bon-Ton.  A hearing will be held Wednesday during which Bon-Ton officials will ask bankruptcy courts to approve a sale to a liquidator.  Elder-Beerman has operated in downtown Richmond for 45 years and was constructed on the site of Richmond’s 1968 explosion.  The closing of Richmond’s Elder-Beerman store will mean that the city will have lost what are arguably its two biggest attractions to downtown in less than a year.  Veach’s closed in August of last year and Chase Bank recently vacated downtown’s tallest building at 7th and East Main.  The Elder-Beerman building covers 51,000 square feet.  What will become of it after the looming closure is unclear.