Blue-light specials in Danville are coming to an end. The Big K-Mart Store is closing its doors.
Sears Holdings Corp. announced Thursday that the Kmart store on N. Vermilion Street in Danville is one of 68 Kmart stores and 10 Sears stores around the country that will be closing later this summer.
The Danville joins K-Mart in Bradley closing up. The liquidation sale at the Bradley site, just off Route 50 continues.
The company had previously said in February it planned to accelerate the closing of unprofitable stores.
By closing the stores in Danville and elsewhere, the company hopes to generate what it called a "meaningful level" of cash from the sale or sublease of real estate and from the liquidation of store inventories.
Danville's closing of Kmart could start its liquidation sales May 12, according to a report.
FEMA Denies State’s Appeal for Flood Assistance to Local Governments
Denial ends process for seeking federal assistance
The Federal Emergency Management Agency (FEMA) today denied the state's appeal for federal assistance to help local governments in several counties recover from severe flooding and storms in late December and early January.
"The process is supposed to take into account a multitude of factors, but this denial demonstrates that only the numbers really matter," said James K. Joseph, director of the Illinois Emergency Management Agency (IEMA). "States with high populations concentrated in urban areas, such as we have in northeastern Illinois, often struggle to reach their thresholds, particularly when the impacts are in rural, sparsely populated areas of the state. Once again our poorest communities continue to suffer because of this unfair process."
Illinois' threshold for federal public assistance is $18.1 million, which is based on the state's population of $12.8 million multiplied by $1.41.
Joseph pointed to severe localized impacts that should have been considered, such as in Alexander County where local government expenses totaled more than $4 million. That equates to more than $486 for every person living in the county.
Under federal rules, the state cannot submit another appeal for federal assistance.