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: http://www.spokesman.com/stories/2013/apr/05/spokane-club-is-gearing-up-to-sell-its-valley/?print-friendly
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.