14 October 2005
The head Hornet's nest
I'm trying not to read too much into the purchase of a small Nichols Hills home by George and Denise Shinn; speculation has run rampant that this is yet another sign that the New Orleans/Oklahoma City Hornets will never return to the Crescent City.
The team's PR man isn't suggesting anything like that:
"He did say off-hand that he bought the smallest house in the biggest neighborhood. It's certainly not palatial but will be comfortable for them while they are here," [Michael] Thompson said.
And it's not like you can't find houses bigger than 2400 square feet in Nichols Hills.
Why buy? I suppose the answer is the obvious one: he expects to turn over the property in a year or so for a profit.Posted at 7:18 AM to Net Proceeds