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Posted:
Sun Jan 08, 2006 6:55 pm |
stoney
10 acrea's UP FOR GRABS!!
Team Owner


Joined: 01 Dec 2005
Posts: 10117
Location: TRYING TO SALE: 100 acre Woods
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_________________ What the Hell Did You Just Say? |
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Posted:
Sun Jan 08, 2006 6:57 pm |
Dharma
Stoney is ManSauterLover Whore
Won Calder Cup


Joined: 04 Jan 2006
Posts: 4824
Location: Watchin' a movie somewhere
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_________________ A woman can never be too rich or have too many cats. |
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Posted:
Sun Jan 08, 2006 7:01 pm |
stoney
10 acrea's UP FOR GRABS!!
Team Owner


Joined: 01 Dec 2005
Posts: 10117
Location: TRYING TO SALE: 100 acre Woods
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_________________ What the Hell Did You Just Say? |
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Posted:
Sun Jan 08, 2006 7:55 pm |
s.p
CHL Hat Trick


Joined: 01 Dec 2005
Posts: 1065
Location: wichita ks
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_________________ Go Thunder
welcome to the dark side |
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Posted:
Mon Jan 09, 2006 5:38 am |
GoBs
Bought Skates


Joined: 01 Jan 2006
Posts: 166
Location: OKC
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Posted:
Mon Jan 09, 2006 6:15 am |
godofthunder
Scored 1st goal


Joined: 01 Dec 2005
Posts: 277
Location: The land of Tori and loving it!!!!!
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_________________ Straight From Hell So Kiss My Ass
LHS President
Closeted Colorado fan |
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Posted:
Mon Jan 09, 2006 7:57 am |
DropThePuck
CHL Hat Trick


Joined: 01 Dec 2005
Posts: 1000
Location: Home of the Wichita Thunder
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Posted:
Mon Jan 09, 2006 10:53 am |
dwightschrute
League Champs


Joined: 29 Dec 2005
Posts: 401
Location: Scranton, Pennsylvania
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Posted:
Tue Jan 10, 2006 5:56 pm |
stoney
10 acrea's UP FOR GRABS!!
Team Owner


Joined: 01 Dec 2005
Posts: 10117
Location: TRYING TO SALE: 100 acre Woods
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_________________ What the Hell Did You Just Say? |
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Posted:
Tue Jan 10, 2006 5:59 pm |
DropThePuck
CHL Hat Trick


Joined: 01 Dec 2005
Posts: 1000
Location: Home of the Wichita Thunder
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Posted:
Tue Jan 10, 2006 6:22 pm |
FU
Caught 1st Puck

Joined: 09 Jan 2006
Posts: 35
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Posted:
Tue Jan 10, 2006 6:31 pm |
stoney
10 acrea's UP FOR GRABS!!
Team Owner


Joined: 01 Dec 2005
Posts: 10117
Location: TRYING TO SALE: 100 acre Woods
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_________________ What the Hell Did You Just Say? |
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Posted:
Tue Jan 10, 2006 8:48 pm |
DropThePuck
CHL Hat Trick


Joined: 01 Dec 2005
Posts: 1000
Location: Home of the Wichita Thunder
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Posted:
Tue Jan 10, 2006 8:51 pm |
DropThePuck
CHL Hat Trick


Joined: 01 Dec 2005
Posts: 1000
Location: Home of the Wichita Thunder
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'Makeover' family has other land
The Nutsches, who got a new house through a TV show, own investment property near the downtown arena site.
BY DION LEFLER
The Wichita Eagle
The site Sedgwick County chose last week for a new downtown arena could mean another windfall for the couple who got a new home and Wichita State University scholarships for their five daughters through the ABC-TV show "Extreme Makeover: Home Edition."
In addition to their new home in Butler County, makeover recipients Kevin and Cathy Nutsch own what now is a prime Wichita investment property at the edge of Old Town, two blocks from the site the county chose Wednesday for its $184.5 million sports and entertainment complex.
The Nutsches' Wichita property has a current taxable value of $204,860, about $15,000 more than they paid for it in February, according to county records.
And a Wichita State University expert said it is likely to double in value in the next couple of years because of the massive public investment in the area.
The Nutsches have tried to sell the property in recent months. One prospective buyer said their asking price was $400,000.
Cathy Nutsch spoke only briefly to The Eagle about the property, saying she was limited in talking about it by the family's contract with ABC.
She said the property, at 130-134 N. St. Francis, was an investment she and her husband made months before they suffered the loss of their home in an Aug. 6 propane explosion.
She said it was an effort to get ahead economically after years of hard work.
"We don't own it, the bank owns it," she said. "It's a total loan."
County mortgage records show the Nutsches borrowed $190,000 from Rose Hill Bank, where Cathy Nutsch formerly worked, to finance the acquisition.
Tom Forman, executive producer of "Extreme Makeover," said he had reviewed the Nutsches' tax returns and knew about their downtown property before deciding to put the family on the show.
He said there's no doubt in his mind that the Nutsches are a deserving family who truly were devastated when their home blew up.
When the show interviewed the family, "This guy (Kevin Nutsch) is sleeping in a bus," he said. "His wife and his daughters are living in her father's basement."
Forman said he doesn't think the downtown property is relevant because the family had a low income from Kevin Nutsch's auto salvage business and the downtown property has only just now started generating income of about $300 a month.
"I can tell you they needed help badly," he said. "Our hearts went out to them and all they'd been through."
Scholarships questioned
During the show, the Nutsches received:
• A 3,800-square-foot home worth an estimated $300,000 to $400,000.
• A new Ford truck that was brought by helicopter onto their lawn during the dramatic "reveal" of the house.
• An unknown amount of cash from fundraiser accounts set up for their benefit.
• A promise from WSU for full scholarships for all five Nutsch daughters, who range in age from 8 to 16. Those scholarships are worth an estimated $150,000 to $200,000.
No one has publicly objected to the house, but there is community debate over whether Wichita State should have promised full-ride scholarships for the five Nutsch daughters.
"There are many more children in Kansas who have lost their mother or father who could use a full four-year scholarship and many children of working moms and dads trying to make ends meet and save for college," Phil and Karyl Peters of Belle Plaine wrote in a letter to The Eagle. "The facts are the Nutsch family received a $300,000 to $400,000 home fully furnished and a new vehicle for free. If any family members could save for their children's education, it's the Nutsches.
"Why can't WSU help the community without the TV show, and go out and find the families who really need help?"
WSU president Donald Beggs and vice president of student affairs Ron Kopita said they have seen some of the criticism in the newspaper but have personally heard nothing but praise for the scholarship offer.
Beggs said WSU works on community projects with many nonprofit organizations and corporations and saw working with "Extreme Makeover" in the same vein. He and Kopita both said they did not know about the Nutsches' downtown investment.
"No, I didn't know that," Beggs said. "But for us, it's more trying to deal with an organization trying to do right in our area."
In fact, the university officials didn't know who the recipients were going to be when they agreed to provide the scholarships, Kopita said.
"We were operating under the assumption that whomever they selected would be a family in distress," he said. "We wanted to reach out and help a community member."
Kopita said it is the first time he knows of that the university has made the kind of commitment it gave to "Extreme Makeover."
The most similar offering he could recall in was in 1970, when the university committed to providing free education to family members of football players and coaches killed when the team plane crashed.
A valuable property
The Nutsches bought their downtown Wichita property from Union Rescue Mission, which had owned it since 1961 and operated a homeless shelter there until moving the operation to North Hillside in 2003.
There are two attached buildings on the site, one 14,600 square feet and the other 6,000 square feet.
The larger building has a commercial kitchen and a walk-in freezer, although Marsha Stanyer, director of Union Rescue Mission, said the freezer wasn't working and much of the other equipment had been removed when the shelter moved.
Part of the building has been rented by a business called Y Knot, which is renovating it for music recording studios, a restaurant and a retail shop. The business owners say they plan to turn the building into "the Wal-Mart of music."
The Nutsches' property was in one of four areas county officials considered for the arena.
On Wednesday, they picked a site just south of the Nutsch property.
Although the Nutsches won't get the immediate windfall they would have if the government acquired their buildings, they're still likely to get an extreme makeover of their property values, said John Wong, an economist and professor with WSU's Hugo Wall School of Urban and Public Affairs.
Plans are already brewing to expand Old Town development on the west side of the downtown railroad corridor, toward where the new arena will be.
"I don't think it would be out of the question for property to double in value over the next couple of years in that particular area," he said.
Old Town developer David Burk confirmed that new development of the dining and entertainment district is headed that way.
And, he said, property there should also get a boost from the planned rebuilding of railroad crossings at First and Second streets, which will create wide walkways for foot traffic between commercial properties on the east and west sides of the tracks.
Wong said he's not surprised to learn that the Nutsches have assets that won't be highlighted on TV.
"It's only 'reality TV' in the most general sense of the term," he said.
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Posted:
Wed Jan 11, 2006 4:35 am |
Napolean Dynamite
Bought a Jersey

Joined: 29 Dec 2005
Posts: 52
Location: Flippin USA
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_________________ Vote For Pedro
My lips hurt really bad
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