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June 27, 2008

US City for sale by auction

Filed under: USA — OPPE News @ 4:00 pm

A US property auction firm is gearing up to flog one of the biggest lots it has ever handled – an entire city. Higgenbotham Auctioneers International (HAI) announced it will handle the sale of White’s City, New Mexico, which has been managed by the White family since the beginning of Amercica’s ‘roaring 20s’ boom era.

Members of the family said younger generations are less interested in running the town, meaning the decision had been taken to offer it up for auction. Charles Dugger, the oldest of the family members who manage the legacy, said:

“It’s time to move on. We have spent our lives here, our children have interest outside this area and have chosen not to continue.

“We are excited to offer this city, our home, to a new visionary that will continue its 80 year legacy.”

Based near Carlsbad Caverns National Park, the success of White’s City is based on the throngs of daily visitors to the area.

Facilities include two operating motels with 105 rooms, an RV park with 46 spaces, 25 camp sites, a post office, grocery store and two restaurants. Also up for grabs as part of the deal are gift shops, a gas station, a museum, an opera house and even an ice cream parlour.

The entire municipality and surrounding acreage will be offered on July 14th at 11am.

HAI national business director Laura Whitt said:

“The potential here is awesome. There are ten individual business enterprises operating in White’s City with each of them being profitable and self sustaining. Combined, the assets are a watershed that has unlimited potential.”

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