The SPIRE Institute Is Up for Sale

The Spire Institute in Geneva, Ohio, East of Cleveland, has been put up for sale. The announcement was made by Colliers International on Monday morning.

“The options and creative opportunities are boundless. With over $100 million invested since its debut in 2009, a savvy investment group could acquire the entire project for a tiny fraction of the replacement cost! Or, they could submit a proposal to acquire only a part of the property, perhaps the 100,000-square-foot office building or a portion of the excess land,” a news release by Colliers reads.

The massive sports facility includes 750,000 of indoor and outdoor arenas and competition space. It’s most recent famous resident is LaMelo Ball, the younger brother of Lonzo Ball of the Los Angeles Lakers. Arguably the most famous high school basketball player since LeBron James, LaMelo Ball briefly turned pro then returned to high school competition.

The facility is also significant in swimming, however. 8 high schools use the pool as their home facility; the Lake Erie Silver Dolphins practice there as well.

Speaking more broadly, the facility is home to a FINA scholarship training enter, where athletes from around the world are given the opportunity to live and train at SPIRE and have access to facilities and training that aren’t available in their home countries. The facility is also scheduled to host the 2020 NCAA Division II Swimming & Diving Championships.

The facility is designated as a USOC and Paralympic training site.

Spire also has 100 acres yet to be developed. The Ashtabula County Board of Revisions set the facility’s value at $11.5 million in October, which is a reduction from the $54 million value set in 2014. As part of that valuation process, Waronzof Associates Inc. of California opined that the facility is ‘too big’ for the rural area where it is located. It has only turned a profit once, in 2010, when it received $19 million in contributions, and lost an average of about $3.4 million from 2010 to 2016.

No sales price has been set for the facility.

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BGNole97

Our team is traveling there this summer for a meet. Looks like a beautiful aquatic facility, but it IS pretty much in the middle of nowhere.

SwimSam

Hopefully the news release doesn’t have LaMelo listed as the younger brother of famous LA Laker, LaMelo Ball

Swimnerd

Braden, Lonzo Ball is the current laker, Lamello is the current stay at home brother

BGNole97

I’m really failing to see why they would even get mentioned in regards to the Spire Insitute. How about highlighting all the awesome events they’ve had there recently. Is our society that Kardashian-ed that the fact that he once stepped foot on the property is newsworthy?

About Braden Keith

Braden Keith

Braden Keith is the Editor-in-Chief and a co-founder of SwimSwam.com. He first got his feet wet by building The Swimmers' Circle beginning in January 2010, and now comes to SwimSwam to use that experience and help build a new leader in the sport of swimming. Aside from his life on the InterWet, …

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