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Council keeps door open for 'Blazing Paddles' pickleball hub but asks developers to demonstrate $1M working capital; sets price at appraised $1.445M
Summary
Council expressed support for the Blazing Paddles proposal for 8901 N. 56th St. but, citing a Fishkind financial review, asked the Courtside Group to return with $1,000,000 in working capital before a sale closes; council also set the listing price to the appraisal of $1,445,000.
The City Council on Dec. 2 signaled continuing interest in a proposed pickleball and hospitality project, Blazing Paddles (Courtside Group LLC), for the city‑owned parcel at 8901 N. 56th St., but asked the prospective buyers to demonstrate increased working capital before a purchase proceeds and set the property’s listing price at the appraised value.
City staff summarized due diligence: the city retained Fishkind Consulting (Hank Fishkind) to review the Courtside Group’s financial plan and BlueMark Valuation…
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