Willows Rec Center Closing

TPD

TPD

the poor dad
No mention why it may be closing but wondering if it has anything to do With a new YMCA coming to town...

If only they had an underground go kart track.

thebaynet.com

Willows Recreation Center Permanently Closing On April 30 - The BayNet

LEXINGTON PARK, Md. – In an email sent to their members on April 2, 2023, Willows Recreation Center (WRC) announced that they will be permanently closing at the end of the month on April 30. In the email, which was shared in the Lexington Park Facebook group, WRC stated that their hours will...
thebaynet.com thebaynet.com
 
spr1975wshs

spr1975wshs

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DoWhat said:
How long has it been open?
Never heard of this place.
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I drive by it every day, as I live just off Willows Road.
Have had zero interest in using the facility.

I wonder if this presages how long the YMCA will last.
 
LightRoasted

LightRoasted

If I may ...
For your consideration ...

Gilligan said:
The owners lost their shirt on that venture, I'm guessing. It was a pretty expensive business gamble....
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Betcha it had something to so with the manufactured COVID crisis BS. Since they opened in 2019, just at the cusp of the plandemic, pretty sure they bore the brunt of the forced business closings by edict and bled out a whole lot of operating capital.
 
Clem72

Clem72

Well-Known Member
Gilligan said:
The owners lost their shirt on that venture, I'm guessing. It was a pretty expensive business gamble....
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Always seemed to be busy every time I drove by. A friend of mine who was friends with the owners and used to go to the bar frequently and told me the event room was pretty much always in use and the sporting events were well attended.

Not sure how they could have been losing money, maybe the rent went up?
 
Gilligan

Gilligan

#*! boat!
PREMO Member
Clem72 said:
Always seemed to be busy every time I drove by. A friend of mine who was friends with the owners and used to go to the bar frequently and told me the event room was pretty much always in use and the sporting events were well attended.

Not sure how they could have been losing money, maybe the rent went up?
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Rent?...I thought it was owned by the business entity that had it built.

I've seen more than a few examples of businesses failing even while they appeared to be busy. The hotel and restaurant right here on the island is a good example..the revenue generated didn't come remotely close to meeting the loan obligations taken out to build it all.
 
Clem72

Clem72

Well-Known Member
Gilligan said:
Rent?...I thought it was owned by the business entity that had it built.

I've seen more than a few examples of businesses failing even while they appeared to be busy. The hotel and restaurant right here on the island is a good example..the revenue generated didn't come remotely close to meeting the loan obligations taken out to build it all.
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I assumed they rented because the building is part of a larger industrial park.
 
SamSpade

SamSpade

Well-Known Member
Why doesn't the YMCA just BUY THE BUILDING? Same basic area.

I'm still pissed that our tax dollars will go to a facility that we will still have to pay to use, and the proceeds don't go to the county.
 
Clem72

Clem72

Well-Known Member
Gilligan said:
They invested a lot of time, energy and money to build that.

https://www.gowrc.com/about-2
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Turns out, you're wrong.

Nothing on that page says they own the land or the building, only that they oversaw the construction. Just like the grocery stores and fast food restaurants around here that spec buildings to be built, but don't own them.

More importantly, Maryland SDAT says that every single building in that complex is owned by the WIllows Run LLP.

So unless Ms. Post and Mr. Malhotra also own the Caci Building, the Booze Allen Hamilton building, Resource Management Corp building, and the three large warehouses as well, then they don't own the land or the building. And if they do own all of those other properties, then they aren't in financial trouble (as least not from the WRC alone).
 
Gilligan

Gilligan

#*! boat!
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Clem72 said:
Turns out, you're wrong.

Nothing on that page says they own the land or the building, only that they oversaw the construction. Just like the grocery stores and fast food restaurants around here that spec buildings to be built, but don't own them.

More importantly, Maryland SDAT says that every single building in that complex is owned by the WIllows Run LLP.

So unless Ms. Post and Mr. Malhotra also own the Caci Building, the Booze Allen Hamilton building, Resource Management Corp building, and the three large warehouses as well, then they don't own the land or the building. And if they do own all of those other properties, then they aren't in financial trouble (as least not from the WRC alone).
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I was just going by this:

In the fall of 2017, the building site off Willows Rd, Lexington Park, MD was determined to be a great site for an indoor recreation center. Sunny Malhotra joined the project in early 2018. We visited numerous indoor recreation facilities around the country and interviewed owners to determine best practices and incorporate those features into WRC.

We began overseeing the construction of the 26,000 sq ft building off Willows Rd and brought Willows Recreation Center with Sidelines Bar & Grill to life.
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LightRoasted

LightRoasted

If I may ...
For your consideration ...

Yup. That lot with building has a valuation of over $5 Million. Doubtful that those that run the gym bought and paid for all that. Most likely a rent issue, along with all other business costs increasing as well.
 
Gilligan

Gilligan

#*! boat!
PREMO Member
LightRoasted said:
For your consideration ...

Yup. That lot with building has a valuation of over $5 Million. Doubtful that those that run the gym bought and paid for all that. Most likely a rent issue, along with all other business costs increasing as well.
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Somebody decided to shell out the money to build that very purpose-designed facility. Not your typical commercial rental space....

Then again..banks lent the 8 million or so to build the restaurant and hotel here on SGI and the business revenue couldn't support even one 4th of the debt service. It happens...
 
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