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October 20, 2019 Newswires
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Worthington Sports Center slated for closure

Daily Globe, The (Worthington, MN)

Oct. 19--WORTHINGTON -- Jim Klinkenborg, owner of Worthington Sports Center, has worked for decades to make his business as successful as possible, but now faces the likelihood of closing his doors due to insurance and tax difficulties.

Klinkenborg began working for the business in 1971 and took over ownership of Worthington Sports Center in 1991.

Over the years, his inventory of motorcycles, ATVs, snowmobiles and other equipment has migrated toward the used market. Recently, he said, banks have grown hesitant to finance used inventory, leaving him in a bit of a bind trying to find insurance.

On top of that, Klinkenborg added, "taxes are too high. I don't mind paying taxes, but when they go up $4,000 in a year, it kind of hurts."

Combined with those factors, the struggling farm economy has left Klinkenborg's personal finances a shambles.

"Everything that could go wrong did go wrong," Klinkenborg said. "I don't want to quit," he added, "but they're (the bank is) kind of forcing me out of town."

Klinkenborg said his bank gave him six months to pay off his debt or sell his property, after which the four buildings he owns will go into foreclosure.

Worthington Sports Center comprises the old retail building, built in 1944 at 717 Oxford St. which is lately used for storage; the new retail building at 703 Oxford St.; and two warehouses behind the retail buildings.

Although the old retail building would need either serious repair and renovation or complete leveling, Klinkenberg said the location is ideal for any business to set up shop. The new building is 8,960 square feet in size and is ready for a new owner to move in.

"All my life I've tried to help people," Klinkenborg said. "But I would never ask for help."

He remains hopeful that his finances will work out and he'll be able to stay open for business.

___

(c)2019 The Daily Globe (Worthington, Minn.)

Visit The Daily Globe (Worthington, Minn.) at www.dglobe.com

Distributed by Tribune Content Agency, LLC.

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