Sports Authority announced it will close 140 stores, San Clemente’s proposed location not on closures list

The Estrella Plaza project, which will bring in five major retail stores, took an extended effort from the city and business owners to come to fruition. Now, developers have set tentative opening dates. Photo: Eric Heinz
The Estrella Plaza project, which will bring in five major retail stores, took an extended effort from the city and business owners to come to fruition. Now, developers have set tentative opening dates. Photo: Eric Heinz

By Eric Heinz

After it was announced by TCA Stores, Inc., Wednesday, March 2 that Sports Authority will close 140 of its 400-some stores nationwide as well as two distribution plants in Denver and Chicago in a bankruptcy liquidation, a list of the stores was released by the company.

San Clemente’s proposed store, located in the Estrella Plaza, is not on that list.

Click here to read court filing list of potential stores to close

The San Clemente location is expected to open sometime in September, according to Sue Jagodzinski, a development manager with Kornwasser Shopping Center Properties, which is working with Burnham USA on the Estrella Plaza development.

The bankruptcy filing was made in United States Bankruptcy Court for the District of Delaware.

“In conjunction with the Chapter 11 filing, the Company expects to have access to up to $595 million in debtor-in-possession (DIP) financing. Subject to Court approval, the DIP financing, combined with the Company’s cash from operations, is expected to provide sufficient liquidity during the Chapter
11 process,” the statement read.

We will provide updates on this story once they become available.

About The Author Staff

comments (2)

  • Certainly doesn’t seem like the strongest candidate for the space. We shall see how long it last.

    • I would hope the rents are much lower at this center than at the outlets. If so it would make it more likely that a store without weekly recurring foot traffic, like Sports Authority is, would survive better.

comments (2)

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>