Sad to see it go...
OCALA - The former Disney Welcome Center, a fixture to countless tourists on their way to Disney World until it closed last year, has been sold.
An investment partnership known as JR Investments of Ocala LLC, bought the property from Disney for $2 million, according to Ray Amin, one of the two principals in the partnership. A Disney spokesman confirmed that the property had been sold, but could offer no additional information.
"There is no immediate plan to do anything. It is just for the investment purpose right now," Amin said Tuesday. "We thought it was a good opportunity."
Amin's partner in the venture, developer Jeff Fabian, couldn't be reached for comment.
The center, located at 3601 S.W. 38th Ave., closed last August 13, after 18 years in Ocala. Disney officials said at the time that fewer theme park visitors were using the center because they were able to get information, make reservations and buy tickets on the Internet before coming to Florida.
The property, just off of Interstate 75 and State Road 200, had been listed for sale at $2.3 million since the welcome center closed.
Public records indicate JR Investments has a two-year, $1.6 million mortgage on the welcome center, financed through Ocala National Bank.
JR Investments will renovate the building, but beyond that, it's not clear what the company will do next, Amin said.
"We're going to decide in the next few months what we're going to do with the property," he said. While the partnership has "a couple of different scenarios" in mind, Amin said he didn't want to publicly disclose what those options were.
The property is flanked by two new hotels under construction, a Holiday Inn and a Residence Inn.
http://www.ocala.com/apps/pbcs.dll/article?AID=/20060426/NEWS/204260342/1001/NEWS01
OCALA - The former Disney Welcome Center, a fixture to countless tourists on their way to Disney World until it closed last year, has been sold.
An investment partnership known as JR Investments of Ocala LLC, bought the property from Disney for $2 million, according to Ray Amin, one of the two principals in the partnership. A Disney spokesman confirmed that the property had been sold, but could offer no additional information.
"There is no immediate plan to do anything. It is just for the investment purpose right now," Amin said Tuesday. "We thought it was a good opportunity."
Amin's partner in the venture, developer Jeff Fabian, couldn't be reached for comment.
The center, located at 3601 S.W. 38th Ave., closed last August 13, after 18 years in Ocala. Disney officials said at the time that fewer theme park visitors were using the center because they were able to get information, make reservations and buy tickets on the Internet before coming to Florida.
The property, just off of Interstate 75 and State Road 200, had been listed for sale at $2.3 million since the welcome center closed.
Public records indicate JR Investments has a two-year, $1.6 million mortgage on the welcome center, financed through Ocala National Bank.
JR Investments will renovate the building, but beyond that, it's not clear what the company will do next, Amin said.
"We're going to decide in the next few months what we're going to do with the property," he said. While the partnership has "a couple of different scenarios" in mind, Amin said he didn't want to publicly disclose what those options were.
The property is flanked by two new hotels under construction, a Holiday Inn and a Residence Inn.
http://www.ocala.com/apps/pbcs.dll/article?AID=/20060426/NEWS/204260342/1001/NEWS01