Less than two weeks after first proposing plans to reopen a shuttered Gresham Save A Lot, a Black-owned company has been given a $13.5 million grant from the city of Chicago to redevelop the store and other locations throughout the South and West sides.
Ohio-based Yellow Banana owns and operates six other Chicago store locations that were previously owned by Save A Lot — and still carried the Save A Lot brand name. Co-owner Michael Nance told the Chicago Sun-Times that receiving the funding from the city allowed the company to secure a contract on the Gresham site at 7908 S. Halsted St., and it hopes to open by the end of the year.
