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Business Journal: Landmark Carmichael Bowling Alley to Close

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(Carmichael, CA)
Tuesday, June 8, 2010
The Crestview Lanes bowling center — a landmark in Carmichael for decades — will close in August, leaving a great deal of uncertainy about the building and two-dozen acres of the high-profile property.  The Holesapple family said the economy along with fast-rising costs for maintenance and utilities are the primary reasons they will close the 32-lane bowling center.
The announcement took many longtime bowlers at Crestview by surprise, along with some commercial brokers who have attempted for decades to put together deals for the property for their clients.  Several well-known retailers, including home-improvement chain Lowes, have looked at the property in recent years.  But the family did not want to develop a shopping center that would compete with their 180,000-square-foot Crestview center anchored by Save Mart — at least until now.
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