Gold's gym bankruptcy could leave Haw...

Gold's gym bankruptcy could leave Hawthorne on hook for $2.3M

There are 148 comments on the Daily Breeze story from Feb 10, 2010, titled Gold's gym bankruptcy could leave Hawthorne on hook for $2.3M. In it, Daily Breeze reports that:

The owners of a Hawthorne gym that received a low-interest, city-backed federal loan have filed for bankruptcy, prompting concerns that the city could be responsible for more than $2 million in debt.

Join the discussion below, or Read more at Daily Breeze.

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Sanjay

Van Nuys, CA

#1 Feb 10, 2010
I blame the city, incompetent, this would not have been a good use of city funds, why not fund a clean up project, more cops etc, what a waste and you got duped, stupid politicians, if anybody should be audited, its the City government, a totally bankrupt bunch in itself
Stew Pidass

Pacoima, CA

#2 Feb 10, 2010
Where am I going to pump my iron now?
JunieMoon

Highland, CA

#3 Feb 10, 2010
Of course they declared BK -- and the stupid Hawthorne City Council -- always bending over to "attract business" bought it. Gold's Gym is a POS with a lousy reputation and Hawthorne CC members were hooked. First, they jettisoned the DHL facility. No problem there -- many of us took our shipping business to Manhattan Beach to other shippers -- can you say FedEx or UPS? Hawthorne (Guidi) is in love with getting in bed with businesses that then go belly-up (360, for example). Stop. Giving. Big Business. Favors. What about us little guys -- we help foot the bill for Big Biz that takes the money and runs. Not a biz brain in the city.
Mark

Van Nuys, CA

#4 Feb 10, 2010
Can the city of Hawthorne pay my bills?
Hawthorne1

United States

#6 Feb 11, 2010
I'm glad our current city council is upset about what happened.. unfortunately its late and we are screwed either way, but we can at least find a solution and work to not let this happen again...

manhattan_beach_ dude

“Go BRUINS ”

Since: Jan 09

Manhattan Beach CA

#7 Feb 11, 2010
Gee where will the fire department spend their time now?, With a fire truck seemingly parked in front of the gym everytime I drove by going to Home Depot. I thought there was a Fire Station there.
Wow

Mission Viejo, CA

#8 Feb 11, 2010
Sanjay wrote:
I blame the city, incompetent, this would not have been a good use of city funds, why not fund a clean up project, more cops etc, what a waste and you got duped, stupid politicians, if anybody should be audited, its the City government, a totally bankrupt bunch in itself
Specifically Danny?
Brain Z

Manhattan Beach, CA

#9 Feb 11, 2010
manhattan_beach_dude wrote:
Gee where will the fire department spend their time now?, With a fire truck seemingly parked in front of the gym everytime I drove by going to Home Depot. I thought there was a Fire Station there.
Thank god they're working out. I couldn't imagine having a bunch of fat, weak firefighters trying to rescue me or my family in the event of an emergency, fire or medical.

manhattan_beach_ dude

“Go BRUINS ”

Since: Jan 09

Manhattan Beach CA

#10 Feb 11, 2010
Brain Z wrote:
<quoted text>Thank god they're working out. I couldn't imagine having a bunch of fat, weak firefighters trying to rescue me or my family in the event of an emergency, fire or medical.
OK, but shouldn't that be on their own time? not the taxpayers
HOLLY G

Carson, CA

#11 Feb 11, 2010
THANKS LARRY
keep em east of western

Redondo Beach, CA

#12 Feb 11, 2010
hmmmm, low-income residents?, Felons? Doesn't sound safe to me ...Hawthorne is a ghetto, but at least it keeps the trash from coming and working out in Torrance and Redondo.
You get what you deserve. I wonder how much of the "cash up front" for memberships actually made it into the register?
I wonder how many free memberships were constructed by those employees who just love "getting over on the system".
Average Jane

Desert Hot Springs, CA

#13 Feb 11, 2010
manhattan_beach_dude wrote:
<quoted text>
OK, but shouldn't that be on their own time? not the taxpayers
If you only had a brain.
South Bay Politico

Santa Fe Springs, CA

#14 Feb 11, 2010
What is not exposed in the article is that the owner of Golds Gym is a good friend, huge contributor and confidant of Mayor Larry Guidi. Guidi tried to use his position to influence other cities to give the owner "sweetheart" financial deals to establish other gyms. The owner tried to get involved with many South Bay city council and mayor races to help establish a network of influence not only for him but also for Guidi's benefit. Hawthorne, good luck getting paid back.

manhattan_beach_ dude

“Go BRUINS ”

Since: Jan 09

Manhattan Beach CA

#15 Feb 11, 2010
Average Jane wrote:
<quoted text>
If you only had a brain.
whats up with this?
JohnQ

Goleta, CA

#16 Feb 11, 2010
Oh Hawthorne, is there anything you can't F up?

Nothing but a 3rd world city run by the greedy and dishonest - however not an unfair representation of its voting public. They got exactly what they voted for.
Jenn

Santa Maria, CA

#17 Feb 11, 2010
I work out at that gym and this explains a lot. what I don't understand is that the Redondo facility that he owns is kept top notch, no broken anything, new equipment, etc. Maybe he should take some of that money and pay back his loan or fix the f'ed up gym. The sad part is the staff there is at a loss to tell memebers why their gym is falling apart
Center Street

El Segundo, CA

#18 Feb 11, 2010
manhattan_beach_dude wrote:
<quoted text>
OK, but shouldn't that be on their own time? not the taxpayers
If it bothers you so much go down there to tell them what they should be doing, then come back to tell everyone what happened.
Hawthorne Pride

United States

#21 Feb 11, 2010
DC has Marion Barry.
Detroit has Kwame Kilpatrick.
Inglewood has Roosevelt Dorn.

Hawthorne ...
donn

Torrance, CA

#22 Feb 11, 2010
this is what happens with these so called "public/private partnerships". Any profits get privatized. Taxpayers get stuck paying for the losses.
Sam Gompers

Los Angeles, CA

#23 Feb 11, 2010
What a deal! I'm going to Hawthorne to open up a business. I can't lose!

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