Wednesday, August 09, 2006

Rich Folks Club Goes Bust

Kudos to the Helium Report for breaking the news of the bankruptcy of Tanner & Haley, the destination club. It filed to reorganize under Chapter 11 in July. The club gave four reasons for its problems: "costly short-term leases, memberships at extremely low annual dues, various ventures "that ultimately proved unsuccessful," and "increasingly stiff competition."

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