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Why is the Spokane Club selling its Spokane Valley tennis center?

Spokane Club board members want to sell the club’s Spokane Valley facility.

Here's the link to today's story:

The former Central Park Racquet Club was purchased by the club in 2000 for roughly $3.2 million. Since then the private social and athletic club has spent about $3 million on upgrades.

The reason why: debt and the need to refocus on the club's main role as a central location downtown, for athletics and social events.

Something not reported in that story: Cory Barbieri, of Goodale & Barbieri Company, said he's acting on behalf of one of the potential buyers of the former racquet club.

He's unable to identify the buyer. It is an investor-based group that has experience operating tennis clubs, Barbieri said.

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The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.