Make us your home page
Instagram

Debt-plagued Clearwater Ice Arena could get new owner

CLEARWATER — The Clearwater Ice Arena could soon see new ownership as bids roll in to buy the rink.

Arena owner Mike Malki filed for Chapter 11 bankruptcy protection in January, claiming nearly $1 million in debt. Attorneys filed a motion in Tampa bankruptcy court last week seeking to sell the rink.

Broker Ken Mann says the arena has already received an offer — of $650,000 — from the founder of a company that owns rinks in Oldsmar and Westfield Countryside mall. That could be good news for skaters because, Mann said, any bidders would most likely keep the rink open for business.

But the motion to sell the rink hasn't gone over so well with Malki's lenders at Whitney National Bank, who sued him last year for not making payments on his $1.7 million mortgage since 2008.

They sought to foreclose on the arena and list it for public auction, court records show. The bank objected to the motion Monday; a Tuesday hearing on the motion was postponed.

J. Carlton Mitchell, a Tampa attorney representing the bank, offered no comment.

Formerly known as the Sunblades Ice Center, the rink, in a 32,000-square-foot warehouse at 13940 Icot Blvd., is funded mostly by figure skating fees, hockey leagues and rink rental. Court records show that revenues there topped $918,000 last year and $888,000 in 2009.

The only bid so far has come from Nicholas Flaskay, a founder of the Fun League Group, which bought rinks in Oldsmar and two Pinellas malls, Pinellas ParkSide and Countryside, in 1999. Another of Flaskay's companies, Globe Facility Services, once ran the Harborview Center.

Malki, who owns two gas stations in Clearwater and Oldsmar, said Tuesday he doesn't think the $650,000 offer is "going to fly," adding that first bids are rarely accepted.

"But you know what, these days, with this economy, nobody knows," he said.

Contact Drew Harwell at dharwell@sptimes.com or (727) 445-4170.

Debt-plagued Clearwater Ice Arena could get new owner 04/26/11 [Last modified: Thursday, April 28, 2011 2:30pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Allegiant Air strands 200 in Las Vegas, possibly for days

    Airlines

    What happened in Vegas will stay in Vegas — at least until Thursday for about 200 Allegiant Air passengers who were stranded Sunday when their flight to Oklahoma City was canceled.

    About 200 Allegiant Air passengers are stranded in Las Vegas, perhaps for days. Allegiant's headquarters, shown here, is located in the Las Vegas suburb of Summerlin, Nevada.
[JAMES BORCHUCK   |   Times]


  2. Cott Corp. sells beverage manufacturing business for $1.25 billion

    Business

    TAMPA — Cott Corp., a beverage manufacturer with headquarters in Tampa and Toronto, announced Tuesday it is selling its national beverage manufacturing business to Refresco for $1.25 billion.

    Cott Corp CEO Jerry Fowden
[Handout photo]
  3. Duke Energy Florida again ranks last in J.D. Power satisfaction survey

    Business

    ST. PETERSBURG — Another J.D. Power customer satisfaction survey, another last place annual ranking for Duke Energy Florida.

    Duke Energy Florida president. Can he improve the utility's customer satisfaction ratings?
[SCOTT KEELER   |   Times file photo]
  4. Trigaux: Florida's jobless rate looks great — but 25 other state rates look even better

    Economic Development

    No debate here: Florida's unemployment rate continues to drop — even as more people move to Florida and enter the workforce. What's not to like?

    Who remembers the remarkable lines of hundreds of people looking for construction work in Tampa back in March of 2010 at a job fair at the Encore construction site near downtown Tampa? Now the construction industry is struggling to find skilled workers to meet building demand. [
JOHN PENDYGRAFT | TIMES]
  5. Last orca calf born in captivity at a SeaWorld park dies

    Tourism

    ORLANDO — The last killer whale born in captivity under SeaWorld's former orca-breeding program died Monday at the company's San Antonio, Texas, park, SeaWorld said.

    Thet orca Takara helps guide her newborn, Kyara, to the water's surface at SeaWorld San Antonio in San Antonio, Texas, in April. Kyara was the final killer whale born under SeaWorld's former orca-breeding program. The Orlando-based company says 3-month-old Kyara died Monday. [Chris Gotshall/SeaWorld Parks & Entertainment via AP]