Make us your home page

Today’s top headlines delivered to you daily.

(View our Privacy Policy)

Terry, Linda Bollea at odds over condo deal

The Bolleas, from left, Linda, Brooke, Terry and Nick, in happier times at their Belleair home during 2005.


The Bolleas, from left, Linda, Brooke, Terry and Nick, in happier times at their Belleair home during 2005.

CLEARWATER — The latest point of contention in the celebrity divorce of Terry and Linda Bollea concerns the couple's onetime plan to buy a $4.2-million condominium in Las Vegas.

In 2005, the couple paid a $840,000 deposit on the condo at Palms Place, a 47-story tower connected to the Palms Casino. But they did not close on the purchase, as scheduled, this spring.

Pinellas-Pasco Circuit Judge George Greer signed an order in April requiring Terry Bollea, who wrestled professionally as Hulk Hogan, to close on the property.

But Terry Bollea's attorney said in a hearing Tuesday that her client went along with the decision because he hadn't received his own appraisal of the property. Now he thinks it would be a terrible investment.

"They don't have the kind of wealth that you would think," said Ann Kerr, Terry Bollea's attorney. She did not say, however, what kind of wealth the couple does have.

Linda Bollea, on the other hand, sees the condo as a good buy, her attorneys say, and she wants to go ahead with the purchase despite the soft condo market. Because of the couple's celebrity status, the couple's properties tend to sell at a premium, said A.J. Barranco Jr., a Miami attorney who represents Linda Bollea.

Greer said he would decide within several days whether to order Terry Bollea again to participate in the condo's closing.

Both Bolleas attended the hearing, he in a black suit, but without his trademark bandana, she in a pale blue top and black pants. Neither spoke during the hearing or to each other.

Linda Bollea filed for divorce in November, seeking half of the couple's assets, which include the Las Vegas condominium, as well as a nearly 17,000-square-foot mansion on Willadel Drive in Belleair and a 3,474-square-foot home on Eldorado Avenue on Clearwater Beach.

Pinellas property appraisers have estimated that the Belleair mansion would sell for $7.247-million and the Eldorado Avenue house would sell for $2.238-million.

The Web site for Palms Place, the Las Vegas condominium, said the tower's 599 units range from 600 to 7,000 square feet and go for $500,000 to $7-million.

Terry, Linda Bollea at odds over condo deal 07/08/08 [Last modified: Thursday, July 10, 2008 9:28pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. Five ideas for party foods to bring to your potluck


    What's in a name? That which we call a casserole by any other name is still, well, a casserole. Generally a go-to for potlucks, casseroles are quick and easy to transfer, and they can feed a lot of people. But take a look at your next potluck table and count how many casseroles there are. You can change the game …

  2. Florida education news: School budgets, hiring freeze, new schools and more


    IN THE BOOKS: Gov. Rick Scott signs a new Florida Education Funding Program and several other education-related bills into Florida law. This year's new education laws …

    Gov. Rick Scott signed HB 7069 earlier in June, and on Monday added seven more education-related bills to Florida law.
  3. Palm Harbor bicyclist dies from injuries sustained in Bayside Bridge crash


    CLEARWATER — A Palm Harbor bicyclist died from injuries sustained last week when he was struck on the Bayside Bridge, according to the Florida Highway Patrol.

  4. Kremlin dismisses U.S. warning of chemical attack in Syria (w/video)


    MOSCOW — The Kremlin on Tuesday dismissed the White House's warning that the Syrian government is preparing a new chemical attack and that President Bashar Assad and his military "will pay a heavy price" if it goes ahead.

    In this photo released by the Syrian official news agency SANA, Syrian President Bashar Assad, third right, prays on the first day of Eid al-Fitr, that marks the end of the Muslim holy month of Ramadan, at the Nouri Mosque in Hama, Syria, Sunday, June 25, 2017. [SANA via AP]
  5. EU announces record $2.7 billion antitrust fine on Google over search results


    BRUSSELS — The European Union's antitrust chief announced a record $2.7 billion fine against Google on Tuesday, saying that the powerful company illegally steered users toward its comparison shopping website.

    The European Union's competition watchdog has slapped a record 2.42 billion euro ($2.72 billion) fine on internet giant Google for breaching antitrust rules with its online shopping service. [Associated Press file photo]