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

Aerospace workers adjust to changing industry

The number of Boeing workers dropped almost 10 percent since last year.

Tom Hoban
Are millennials warming up to life in suburbia?

They dominate the apartment market and their wants need to be accounted for, says columnist Tom Hoban.

Camano artist mixes flask, paintings for successful cocktail

Art flasks prove popular as bachelorette gifts, birthday presents and wedding favors.

Pentagon inspector general praises secret $80 billion bomber

US Government Accountability Office in 2016 rejected a protest filed by Boeing-Lockheed Martin.

Everett’s Sentry Credit celebrates a quarter century in business

Sentry Credit Inc. in Everett is celebrating its 25th year in business.… Continue reading

Funko donates hundreds of Pop! Heroes to Christmas House

Everett’s toy and collectibles maker Funko has donated hundreds of its Pop!… Continue reading

Donate coats for Clothes for Kids of Snohomish County

Washington Energy Services is conducting a local coat drive to benefit Clothes… Continue reading

Seattle Premium Outlets extend hours over Thanksgiving holiday

Seattle Premium Outlets will be offering extended Black Friday shopping hours in… Continue reading

Ikea again announces dresser recall after death of 8th child

Several types of chest and dressers can easily tip over if not properly anchored to a wall.

Most Read