Thursday, December 8, 2011

Bankrupt Ballys

The final failure of Ballys Fitness Centers, after three bankruptcies,
is a metaphor for the problems facing the United States:

Ballys incurred too much debt and became unable to properly maintain the clubs and to meet its debt payments. I suspect that management may have skimmed far too much compensation off the top, but that is only my speculation. The practical result has been years of our suffering inadequate maintenance, in subpar facilities.

Now, LA Fitness has bought all the Oregon Ballys gyms, and is closing down four of them, including the two that we used. Wonderful.

When the Nimbus Ballys closes forever at 2pm today, the final bell will ring on more than 20 years of friends' working out together, catching up on each other's lives, making a community. All sundered because of lousy management.

The comparison to the problems which the USA faces now is pretty obvious.

Good-bye, friends.

1 comment:

  1. I feel the same way. They are closing the ballys in Washington that I made so many friends at. The customer service has been poor during this transition. It has truly been a loss for us.

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