Wednesday, May 20, 2020

It Never Hurts to Ask (Updated)

Check out the listing for the former Courthouse Racquet Club on Lakeland Drive:

Yup, UMC wants $3.7 million for the property.  Good luck with dat.  Check out the other old Courthouse listings.   UMC wants $2.5 million for each facility.  Hmmm.... and how long has Northeast sat on the market? Three years?

Hmmm..... in times such as this, we must ask WWMD?  Marcus would say cut the prices and sell the damn things, get them off the balance sheet. There is no way UMC will get $2.5 million for Northeast.  It is not on a high-visibility road and the neighborhood immediately adjacent to it has been going bad for quite some time. 


Anonymous said...

The legislature will churn some funny money from COVID relief to bail them out. Then upon audit, will have to return it...with penalties.

Anonymous said...

Can someone with a long memory post what the scam was about the sale of this? I remember a huge, non justified price was paid to someone by UMC to bail them out of these. The courthouse wasn't profitable and they paid like it was although UMC is not in the gym business.

Did anyone go to jail for basically embezzling?

IF that is not the crime, what is it?

Anonymous said...

If this is the property in flowood... it was a dump and never cleaned. Its a shame.

Anonymous said...

Of course, it is broke because of the Covid 19 virus.

Anonymous said...

Swim parents, here's your chance. Put your money where your mouth is!

Anonymous said...

In this economy it should take but about 6-7 years to sell. How many millions would it take to get it up to par you think?

Madison Rulz said...

I'll be back when I can think of something to say that is not profane.

Anonymous said...

it would make a great cannibus grow facility

Anonymous said...

Talk about a fleecing by the Ole Miss Medical Center. Maybe they can let all the baby sharks come swim doo doo doo do do

Anonymous said...

Man, I'd buy that for a dollar!

Anonymous said...

The state should buy it and offer it as a perk to state/city/county employees; it would also be a good place for physical therapy students to do their clinical hours. Those who show health improvements should then get a discount on their health coverage.

Kingfish said...

Um, it did.

State employees got a nice discount, around $25 or so a month for individuals. Private sector saps were paying $55 a month.

When UMC bought it, it was supposed to integrate it into their therapy programs. Never happened. Of course, it didn't stop the idiots at UMC from kicking out a PT company that had a lease. UMC said it don't do leases. Want to know what left with that company? Revenue.

Anonymous said...

New place for the zoo caged animals?

Anonymous said...

What exactly do people mean when they say "the neighborhood is going bad". I've heard that slogan all my life in Mississippi? Has Fondren gone bad?

Anonymous said...

Finance 101, some money in hand is better than no money in hand and costing money to keep and maintain. Those things are deteriorating exponentially. Cut your losses and embrace the inevitable.

Anonymous said...

1:09, I’m sure you meant to say “The Fondren.”

Anonymous said...

They kicked out over 2k a month in leases and allowed Paul Lacoste to run his workout stuff in that side. Things that make you go hmmm with the DHS stuff now.

Anonymous said...

@1:09 PM
It means the windows and doors on homes get bars installed. People start having screaming matches in the street. Cars come and go from certain houses all hours of the night. And property maintenance is neglected.

Anonymous said...

The reason they bought them was because they had to have a wellness plan and facility due to the AAC passing. Since some of the repeal, they no longer need them.

Anonymous said...

The neighborhood adjacent to this facility isn't in great shape. It took a huge hit due to foreclosures because unregulated lenders used bogus appraisals (using sales of houses in more affluent areas as comps) and allowed unqualified buyers to purchase homes they couldn't afford. But some Republicans made a killing of these deals and the Feds bailed them out so no harm done right? No more hot young women live here that's for sure. It's not bad, it just generally sucks now.

Anonymous said...

@2:20, where is neighborhood adjacent to the courthouse racquet club where one must have a mortgage to live there? The closest home neighborhood is Eastover, second closest is off old Brandon Rd in Pearl. Third closest is off old fannin and dogwood. I'm not sure what point you're trying to make, but you're not doing a good job.

Also, wtf are you talking about the women for? Place was a haven for sword fights before it sold.

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Trollfest '07 was such a success that Jackson Jambalaya will once again host Trollfest '09. Catch this great event which will leave NE Jackson & Fondren in flames. Othor Cain and his band, The Black Power Structure headline the night while Sonjay Poontang returns for an encore performance. Former Frank Melton bodyguard Marcus Wright makes his premier appearance at Trollfest singing "I'm a Sweet Transvestite" from "The Rocky Horror Picture Show." Kamikaze will sing his new hit, “How I sold out to da Man.” Robbie Bell again performs: “Mamas, don't let your babies grow up to be Bells” and “Any friend of Ed Peters is a friend of mine”. After the show, Ms. Bell will autograph copies of her mug shot photos. In a salute to “Dancing with the Stars”, Ms. Bell and Hinds County District Attorney Robert Smith will dance the Wango Tango.

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Note: Security provided by INS