Originally Posted by pong
did larry close his gym down remember reading he was planning on doing that
Yes, he closed it about a year ago to move his restaurant there on Canal Street, which he did, but has since moved his restaurant back to Larry Holmes drive. I am unsure of why he did that, I think it was for tax reasons. But he stills owns the building the gym was in, which is a decent size. It has essentially a 1300 sq ft ranch style house on the 2nd floor which he rents out and the building has a large garage and the gym itself was pretty big.
I do not know if he's going to open his gym up again or not, he still owns both buildings but he's been winding down with his businesses for some time now. Over the past 5-7 years he's been selling off a lot of businesses of his, even ones that were making him a lot of money. He sold his one building for over $5 million like 5 years ago and is at the point where if someone should offer him $5 million for another building he'd sell it.
He's now more focussed on relaxing and spending time with family and friends than he is with running the business empire he built.