The Phil Leng Team: Washington: Seattle: Lake City

Seized and Sold! Infamous Strip Club on Lake City Way

Seized and Sold! Infamous Strip Club on Lake City Way

Seized and Sold! Infamous Strip Club on Lake City Way

I was invited by an asset manager to witness the disposition of a commercial property in our area.

The asset was an infamous strip club on Lake City Way. The operator was put in jail for promoting prostitution and two properties were seized by the US Marshalls.

“The Marshals Service administers the Department of Justice's Asset Forfeiture Program by managing and disposing of properties seized and forfeited by federal law enforcement agencies and U.S. attorneys nationwide. The program has become a key part of the federal government's efforts to combat major criminal activities.  Currently, the Marshals Service manages more than $3.9 billion worth of property.”

I had heard of this program, because the process usually hits the local or national news. This operation certainly did.

“Three paddy wagons were brought in and police supplied full jumpsuits to cover the scantily clad dancers Wednesday night in one of the largest raids yet conducted by police on Rick’s strip club on Lake City Way Northeast.

P-I night reporter Scott Gutierrez was out on the scene and reports that police arrested 14 dancers and one manager for what a police spokesman said were violations of the city’s adult entertainment ordinance.” Seattle PI News

There are three goals of the Asset Forfeiture Program: enforcing the law; improving law enforcement cooperation; and enhancing law enforcement through revenue. Asset forfeiture is a law enforcement success story, and the Marshals Service plays a vital role.

Along the way legislation was enacted called the Equitable Sharing Program which allows for the proceeds of the seized property to be shared by local as well as federal governments. That helps encourage local law enforcement to undertake the always costly process of investigating and shutting down illegal operations.

The auction was held inside the building. There we were, with all walls and ceilings painted black. There were regular lights and red lights in the ceiling. There was a little stage, and the auctioneers were on the stage.

The pre registered bidders were on about 30 chairs in front of the stage. The bidding started. The building we were in sold for $2,350,000 all cash, as is where is.

The auction also made the news: “SEATTLE - Uncle Sam, having no interest in running a cabaret, has sold one of Seattle's most notorious strip clubs.Wednesday, the federal government got rid of Rick's on Lake City Way for $2.35 million at an auction.” King5 News.

 

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Comment balloon 0 commentsPhil Leng • July 04 2011 12:22AM
Seized and Sold! Infamous Strip Club on Lake City Way
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Seized and Sold! Infamous Strip Club on Lake City Way Seized and Sold! Infamous Strip Club on Lake City Way I was invited by an asset manager to witness the disposition of a commercial property in our area. The asset was an infamous… more