When morons run your city-Taxpayers on the hook AGAIN!!-----PEAK Training Academy owner loses lease at Walker Arena Annex | MLive.com

PEAK Training Academy owner loses lease at Walker Arena Annex | MLive.com

• This is the same Muskegon city manager (and his city council) who just got a raise and his college loans paid off. 
• https://www.mlive.com/news/muskegon/index.ssf/2018/08/muskegon_manager_contract_incl.html
• City now on hook for $165,000.
• Both "Angels" and "Builders" too smart for this disaster. 
• And... why is the city funding competition to all the other health clubs in the county?

MUSKEGON, MI - City officials recently voted to terminate a lease agreement with the company operating the PEAK Training Academy in the LC Walker Arena...

The deal also leaves the city on the hook for $165,000 as it pays off PEAK's debts to two local investors, and takes up his utility payments, which were valued in 2015 at $15,000 annually.

...The PEAK Training Academy was established in 2016 and is located in the 6,000-square-foot arena annex. 

...Williams' creditors were the Muskegon Angels investment group and developers Muskegon Quality Builders, Peterson said. 
The Muskegon Angels helped purchase equipment for the facility, while Muskegon Quality Builders helped get the building ready for commercial use.
According to the termination agreement, the city now will be responsible for those debts and will pay:

• Muskegon Quality Builders $1,500 a month for the next 70 months.
• Muskegon Angels $1,000 a month for the next 60 months. ..."

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