Bank seizes gear at Arlington, Marysville Gold’s Gyms

ARLINGTON — Crews hauled equipment out of the Gold’s Gyms in Arlington and Marysville on Tuesday after the gyms suddenly closed.

According to court documents, Whidbey Island Bank won a judgment against the gym owners in December after they defaulted on a loan worth more than a million dollars.

The owners, M&M Fitness, had put the equipment up as collateral. On Tuesday, the bank seized that equipment.

Customers got the news when they arrived at the gyms to work out.

“I thought at first they were having a sale of old equipment or something, but that’s obviously not the case,” said Michael Austin, a member of the Gold’s Gym in Marysville.

Gym owner Mike Moody posted on the Arlington gym’s Facebook page earlier this month that his gym needed help and new members.

“The economy has been difficult for small businesses to succeed and the gyms were not immune,” Moody wrote.

Some customers, including Kevin Roberts, are now out the money they paid for memberships.

“Ninety-nine dollars for 99 days,” said Roberts of a membership he just bought for his wife. “She just did it yesterday.”

A Gold’s Gym corporate spokesman said that Tuesday’s action does not affect the nine gyms in the Seattle area.

More in Herald Business Journal

Exec director of Future of Flight in Mukilteo stepping down

A former board president will temporarily lead Snohomish County’s most popular tourism attraction.

Seafood producer Keyport moves corporate HQ to Edmonds

The family business sees the city as business friendly — and able to accommodate expansion.

Tax bill will help fund 5,000 layoffs, Kimberly-Clark says

Executives declined to say which factories the company would be closing.

Ex-Boeing executive Ray Conner joins Alaska Air board

Alaska Air Group said his appointment affirms the company’s commitment to its Northwest roots.

AI can read! Tech firms race to smarten up thinking machines

“A long way from computers being able to read … general text in the same way that humans can.”

Peoples, HomeStreet banks bump lowest salaries after tax cut

The banks with Snohomish County branches will raise minimum salaries for employees to $15 an hour.

Amazon opens store with no cashiers, lines or registers

The Seattle store allows shoppers to use a smartphone app to pay for items they want.

The expansion at Angel of the Winds Casino is expected to add room for up to 300 more slot machines and 16 new table games. (Courtesy Angel of the Winds)
Groundbreaking held for multimillion-dollar casino expansion

Angel of the Winds will gain up to 300 more slot machines, a 200-seat buffet and more.

Trump hits solar panels, washing machines with tariffs

The administration cast the decisions as part of his pledge to put American companies and jobs first.

Most Read