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.
21 comments:
The legislature will churn some funny money from COVID relief to bail them out. Then upon audit, will have to return it...with penalties.
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?
If this is the property in flowood... it was a dump and never cleaned. Its a shame.
Of course, it is broke because of the Covid 19 virus.
Swim parents, here's your chance. Put your money where your mouth is!
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?
I'll be back when I can think of something to say that is not profane.
it would make a great cannibus grow facility
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
Man, I'd buy that for a dollar!
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.
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.
New place for the zoo caged animals?
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?
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.
1:09, I’m sure you meant to say “The Fondren.”
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.
@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.
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.
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.
@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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