Schlitterbahn Waterpark seeks to take over Galveston Health and Racquet Club’s lease

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by John Wayne Ferguson/ The Daily News

khou.com

Posted on December 11, 2012 at 8:22 AM

GALVESTON — The city council will vote on whether to allow the Galveston Health and Racquet Clubto transfer its land lease to the owners of the Schlitterbahn Galveston Island Waterpark, a move that would most likely spell the end for the 38-year-old fitness club.

Health club owner Tom Cook said Monday that the club had not been sold to Schlitterbahn Waterparks, but he would be amenable to a sale if it could be completed before the end of the year.

“We have agreed to assign the lease to Schlitterbahn if they agree to purchase the assets,” said Cook, who has owned the health club for 38 years. Cook said if a sale occurs, he would want it to occur under the current tax law.

In a letter to the council, Schlitterbahn CEO Gary Henry said if a sale was successful, Schlitterbahn would close the club, 2318 83rd St., and repurpose the property for “waterpark activities.” Some of the existing land would be turned into additional parking and buildings would be turned into office and storage space.

Click here to read more at the Galveston County Daily News.

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