Some years ago, we had a commercial "club", pool, gym, indoor tennis, track, weights, etc plus meeting rooms, and a night club area, drinks, music, dancing. It lasted a couple of years and failed. The YMCA was able to take it over at a huge discount. The fitness stuff is still operating, the nightclub is now an after school childcare facility. It requires a large population base to work, maybe 100,000(?) from 4 cities/towns. No tax support except for whatever they get as a non-profit.
2 points:
1. You need to buy something at bankruptcy prices
2. You need a large, year-round, population base.
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