Is the SportsPlex in danger of closing? Why not allow the current owners/business to default and then purchase it directly from the bank?
Any suggestion that the SportsPlex is failing would be a complete assumption. In fact, we don’t know the what the owners’ motives are for selling. If one makes an assumption that the facility might go into foreclosure, buying from the bank following a foreclosure would present several challenges. For one, the City becomes one of any number of bidders for the property, which could result in having to pay a higher purchase price or could result in the City not being the successful bidder. Additionally, the SportsPlex currently has many programs/memberships that generate significant income. If the SportsPlex is closed for a period of time those revenue generating activities would have to be re-built from scratch. Finally, there are a number of people in the community that currently use the facility. Those users would have to find another place to go if the business were to close.
