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saintnicster
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« on: September 27, 2013, 12:09:10 pm » |
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Iconic Blue Dome building in downtown Tulsa sold http://www.tulsaworld.com/article.aspx/Iconic_Blue_Dome_building_in_downtown_Tulsa_sold/20130927_32_0_Michae767607Michael Sager has sold the iconic Blue Dome building and associated properties to Chris and JoAnn Armstrong, the operators of Arnie’s Bar, for $1.520 million, the downtown developer announced Friday.
“There’s a new generation of folks I’m entrusting it to for the future,” Sager said. “They’re not tearing it down.”
The Armstrongs had been leasing the Blue Dome property from Sager at 318 E. 2nd St for the past seven to eight years and have worked with Sager closely on the Blue Dome Festival and other events. Sager’s office was in the actual Blue Dome portion of the building.
He said there is 14,500 square feet of land where the original building, a former Route 66 gas station, is situated.
The Blue Dome sale will include another property owned by Sager, the Woody’s Corner Bar, across the street at 325 E. 2nd St.
Sager said he will be focusing on plenty of other works in progress including the First Street Lofts and the Tallgrass Restaurant.
“We have 175,000 square feet, which is large. We’re just utilizing our assets and being conservative,” Sager said, noting that some of his other new properties include the Triangle Blueprint Company building at 314 S. Cincinnati Ave. which will be converted into retail and residential uses. |
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Townsend
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« Reply #1 on: September 27, 2013, 12:30:39 pm » |
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Iconic Blue Dome building in downtown Tulsa sold
Maybe that's how he plans to pay the city back. |
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Hoss
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« Reply #2 on: September 27, 2013, 12:48:46 pm » |
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Maybe that's how he plans to pay the city back.
Not enough domes in the world to do that... |
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Libertarianism is a system of beliefs for people who think adolescence is the epitome of human achievement.
Global warming isn't real because it was cold today. Also great news: world famine is over because I just ate - Stephen Colbert.
Somebody find Guido an ambulance to chase...
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Cats Cats Cats
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« Reply #3 on: September 27, 2013, 12:54:41 pm » |
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The triangle building is still listed for sale at 770k on the internet as far as I can tell. Interesting.
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« Last Edit: September 27, 2013, 12:56:14 pm by CharlieSheen »
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Gaspar
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« Reply #4 on: September 27, 2013, 01:03:33 pm » |
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Chris needs an extra parking lot.  |
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When attacked by a mob of clowns, always go for the juggler.
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DowntownDan
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« Reply #5 on: September 27, 2013, 01:11:46 pm » |
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So for $1.52 million maybe he can install doors in the First Street Lofts and await more money to do anything else. Seems to be his practice. Longest. Development Project. Ever.
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swake
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« Reply #6 on: September 27, 2013, 01:26:11 pm » |
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So for $1.52 million maybe he can install doors in the First Street Lofts and await more money to do anything else. Seems to be his practice. Longest. Development Project. Ever.
I'm sure he's in hock to his neck on it. No way he clears $1.52 million. |
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Conan71
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« Reply #7 on: September 27, 2013, 03:22:09 pm » |
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Word is Sager only paid $40K for the Blue Dome property 15 or so years back at auction.
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"It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first” -Ronald Reagan
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AquaMan
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« Reply #8 on: September 27, 2013, 04:35:00 pm » |
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Word is Sager only paid $40K for the Blue Dome property 15 or so years back at auction.
Damn straight. I tried to talk my wife into buying the building for my office when I was free lancing graphics work back int the 80's. $50k and included the Veterans bar next door. |
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onward...through the fog
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guido911
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« Reply #9 on: September 27, 2013, 10:24:38 pm » |
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I smell a parking lot!!! Just so I can read about some heads exploding in here....
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Someone get Hoss a pacifier.
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BKDotCom
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« Reply #10 on: September 28, 2013, 09:55:20 am » |
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Isn't the dome currently the McNellies Group offices
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carltonplace
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« Reply #11 on: September 30, 2013, 08:20:35 am » |
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$1.52 Million? What were they paying him in rent?
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Cats Cats Cats
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« Reply #12 on: September 30, 2013, 08:57:41 am » |
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Here are the sales records from the Assessor. Arnie's Bar & blue dome building http://www.assessor.tulsacounty.org/assessor-property.php?account=R00500920135770Sep 16, 2013 BLUE DOME PROPERTIES LLC STRONG PROPERTIES LLC $850,004 Jul 13, 1999 $137,500 The fair market value was $466,000 according to the assessor Woody's http://www.assessor.tulsacounty.org/assessor-property.php?account=R00500920133760Sep 16, 2013 SAGER, PATRICIA W S & L MANAGEMENT COMPANY LLC $670,003 Jun 7, 2002 $65,000 Fair Market value at the assessor is 407k. If the deal was 1.52 million for both buildings I guess they paid 670k for Woody's. The ownership change hasn't hit yet. |
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Cats Cats Cats
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« Reply #13 on: September 30, 2013, 09:04:37 am » |
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Also the total taxable amount is a total of $501k. That is going to jump. They will be paying $14k a year more in property taxes.
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« Last Edit: September 30, 2013, 09:07:59 am by CharlieSheen »
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Conan71
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« Reply #14 on: September 30, 2013, 09:28:32 am » |
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Isn't the dome currently the McNellies Group offices
Until the end of the year... |
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"It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first” -Ronald Reagan
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