Big-beer company's move points to improved economy

Mike0476

Mike0476

Starter
Kind of surprised no one has posted this information so I'll post it. Although there is no arena information to be found, there is a connection to be made.

Thanks to Alfred Avalos of #FANS

http://www.kob.com/article/stories/S2627375.shtml?cat=516

"Admiral Beverage Corporation, a major beer and soft drink distributor, plans to build a new 219,000 square-foot warehouse at Rio Bravo and Prince in the South Valley. It will be the biggest industrial construction job since the Tempur-Pedic plant in 2007.

Admiral used to be Maloof Distributing, so we're talking Big Beer here - Coors, Miller, Pabst Blue Ribbon, Corona, Heineken. Also Red Bull. All of it currently comes through the old 75,000 square-foot Maloof warehouse on Comanche near I-25. The new one on Rio Bravo will be three times bigger."
 
Maloofs were stupid to ever sell that distributorship. One of the biggest pieces of evidence that they are poor businessmen. Let's face it, beer distribution is practically recession-proof.
 
If they spent all the money on the Palms then yeah, they're idiots. I still think they probably kept sizable chunks for themselves and any less prominent family members. Sometimes you don't have the heart to run a business any more, even one that is sustainable. I speak from some experience here, I think they are total morons, but I still wonder if we know the whole story on the beer deal.
 
pdxKingsFan said:
If they spent all the money on the Palms then yeah, they're idiots. I still think they probably kept sizable chunks for themselves and any less prominent family members. Sometimes you don't have the heart to run a business any more, even one that is sustainable. I speak from some experience here, I think they are total morons, but I still wonder if we know the whole story on the beer deal.
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This is George Maloof we are talking about here. Of course he gambled it all on saving the Palms.
 
JB_kings said:
This is George Maloof we are talking about here. Of course he gambled it all on saving the Palms.
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When my family sold their business everyone knew what was up too. Of course they were all wrong and the sale had been in the works for many years, well before the economy collapsed. That's all I'm saying. The guy is a turd but he built the Palms before he could destroy it.
 
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