Park Street’s Good Chevrolet announced yesterday that it was closing its doors after 58 years of business. The Alameda Journal‘s Peter Hegarty has the story. According to Alamedans blogger John Knox White, the store closed because of pressure from Chevy Financing:
Apparently, the Chevy’s Financing Company demanded that they pay down their inventory on Monday (rumored to be close to $2 million) and the Owner John Buono said “enough’s enough” and shut the doors.
You can read more about plans for the revitalization of that area, called the “Gateway District,” over at Michele Ellson’s The Island and at Lauren Do’s Blogging Bayport. (For good measure, here’s the City of Alameda’s page on the area.)