YachtReprise Thanks for the refresher. That makes sense. Johnson originally announced he had "acquired" Biras almost ten years ago. For whatever reason that did not happen or became impossible. Along the way Johnson did put cash into the place. Biras was closed temporarily for at least one Johnson funded renovation. Biras was losing money and was slated to be closed before Johnson took over. Along the way Johnson learns or figures out he will not get full control of the property and Johnson immediately stops putting cash in and destroys the business at hand to reduce or limit the ability of Bert Houwer to sell the asset to anyone else at the end of the ten year lease/failed acquisition.
http://www.hotel-online.com/News/PR2006_4th/Nov06_BirasCreek.htmlWhether bully or simple hardball business? I think Johnson is still fighting to gain control over the property not just acting out of "spite" as some would claim.
