Proposed Consent Agreement In the Matter of Tops Markets LLC, a limited liability company, Morgan Stanley Capital Partners V U.S. Holdco LLC, a limited liability company, and The Penn Traffic Company, a corporation. FTC File No. 101 0074
The Ftc recently ruled that Tops market must sell the Riverside plaza within 60 days. I'm a puzzled by the decision. The store in question is the only full line grocery store on the east side of the city. The only other full line grocery stores (2) are located on the south western section of the city actually in the town of Cortlandville. If the the P&C store is forced to close, all current customer will have to drive across town which is a distance 2 miles to the nearest full line store. I believe there is no alternate transportation available. It will definitely be a hardship for many of the elderly etc. Big Wally(Walmart) will be opining a new 200,000 sq.ft. super market just just south of the existing Price chopper store in October. It will include a full line grocery dept. Lets not over look the impact Walmart may have on the two surviving store (Price Chopper and Tops Market) Historically, one will probably have to close. If so, Cortland may be left with one full line store and Walmart. Our future choices in the Cortland area will be lean indeed.