You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • Deal reached to sell supermarket chain to ex-CEO
    A New England supermarket chain that has been in turmoil for weeks over a workers’ revolt and customer boycott has announced that the former CEO is buying the company from rival relatives.
  • FBI investigating reports of attacks on US banks
    The FBI said Wednesday it’s working with the Secret Service to determine the scope of recently reported cyberattacks against several U.S. financial institutions.  A report on Bloomberg.
  • IMF chief faces probe for fraud
    PARIS – Christine Lagarde, the chief of the International Mon­e­tary Fund, was put under of­fi­cial investigation for negli­gence in a French corruption probe that dates back to her days as France’s
Advertisement

Chicago neighborhood getting Whole Foods

– Promising to commit to the neighborhood, executives with the upscale grocery chain Whole Foods announced plans last week to build a store in the heart of one of Chicago’s most impoverished and crime-plagued areas.

However, Whole Foods co-CEO Walter Robb had almost no answers for how the company – known for its organic and expensive fare – would follow through with the promise to make the store more affordable, leaving residents and experts skeptical.

“It is a bit too pricey for this area,” said 57-year-old retiree Patricia Jackson who has lived in Englewood for years. “I don’t see it making it in this neighborhood.”

Located roughly 10 miles south of downtown, Englewood is one of the city’s roughest neighborhoods. It’s part of a police district that saw a roughly 40 percent increase in homicides last year, boarded up homes are increasingly common as the neighborhood has lost population, and fresh food options are limited.

The dirt and weed lot where the store will go has been vacant for decades.

City officials touted the new store as a way to help reduce food deserts, pockets of the city where residents don’t have easy access to fresh fruits and vegetables. Chicago Mayor Rahm Emanuel has put a spotlight on the concept with the help of first lady Michelle Obama, who grew up in the city, and a push from retailers including Walgreen Co.

The city is also providing an approximately $10 million subsidy for parts of the Whole Foods project. Development of the project – including priming the lot – will get the money in special taxing district funds.

The new 18,000-sqaure-foot location is set to open in 2016, not far from a discount grocery store and across from Kennedy-King College, which is part of a system of community colleges run by city officials.

The store is expected to create about 100 jobs and partner with the college’s culinary program.

Robb and other officials said a Whole Foods that opened in Detroit in June may serve as a blueprint. Suppliers there agreed to lower prices as a way to fill a void in the area – but the comparison may not be fully accurate.

Detroit’s new store is located in the Midtown neighborhood, where Wayne State University and the Detroit Institute of Arts are located.

Advertisement