nobledruali
Well-Known Member
:? First Strahan, then Amani Toomer, and now Glen Rice :!: :shock: WTF is going on?
TALK OF OUR TOWN
Posted on Wed, Mar. 07, 2007
House that divides for Glen, Cristy Rice
By JOAN FLEISCHMAN
Former NBA star Glen Rice and wife Cristy, owner of a South Miami children's boutique, were building their dream home -- an eight-bedroom on Arvida Parkway in Gables Estates. Now, Rice wants a timeout.
Rice, who filed for divorce, asked the court to ''compel wife's cooperation'' to permit the sale of the residence. The house has become a ''financial albatross'' that is ''strangling'' them, he says, yet Cristy is determined to move in. She is ''unreasonable, unrealistic and acting inappropriately,'' he alleges in court papers filed by his attorney, Andrew Leinoff. Not so, Cristy responds. She says the sale is ''premature and unnecessary,'' according to documents filed by her attorney, RaymondRafool.
Rice, nicknamed G-Money, says they don't have enough money to carry the place, much less pay the taxes, which he estimates could exceed $400,000. He cites ''significant cash flow issues'' and some ``unwise investments.''
They have spent more than $8 million on the house and must shell out another $3.4 million to finish it, he says. Costs include $190,000 in flooring, $225,000 in tile, $400,000 for a home entertainment center and $256,000 in wall units.
They also own a $1.43 million home nearby.
Rice, 39, played for six teams, including the Heat and Knicks. His last season was '03-'04. He lists his gross annual income as $470,700, with a $210,600 net. He says he is ''without any meaningful earned income at . . . present'' and that Cristy ''represents that she is losing money'' at her store Bri Bri.
They are ''overextended,'' he says, but Cristy ''continues to spend money as if it is going out of style,'' recently buying an $11,000 necklace.
They had a $9 million offer on the house, he says, but without her cooperation ``offers cannot be negotiated.''
Cristy, 35, disputes his completion cost numbers. She says he knew the budget, agreed to the prices and ''picked the home entertainment center.'' He has substantial investment income that provide ''sufficient cash flow,'' she says, adding that his decision to ''delay construction'' resulted in increased costs. ``Wife should not be forced to sell this home as a result of husband's manipulations.''
The Rices, married nine years, have three children -- Brianna, 8; Giancarlo, 5; and Giovanni, 3. Miami-Dade Circuit Judge Amy Steele Donner has the case.
TALK OF OUR TOWN
Posted on Wed, Mar. 07, 2007
House that divides for Glen, Cristy Rice
By JOAN FLEISCHMAN
Former NBA star Glen Rice and wife Cristy, owner of a South Miami children's boutique, were building their dream home -- an eight-bedroom on Arvida Parkway in Gables Estates. Now, Rice wants a timeout.
Rice, who filed for divorce, asked the court to ''compel wife's cooperation'' to permit the sale of the residence. The house has become a ''financial albatross'' that is ''strangling'' them, he says, yet Cristy is determined to move in. She is ''unreasonable, unrealistic and acting inappropriately,'' he alleges in court papers filed by his attorney, Andrew Leinoff. Not so, Cristy responds. She says the sale is ''premature and unnecessary,'' according to documents filed by her attorney, RaymondRafool.
Rice, nicknamed G-Money, says they don't have enough money to carry the place, much less pay the taxes, which he estimates could exceed $400,000. He cites ''significant cash flow issues'' and some ``unwise investments.''
They have spent more than $8 million on the house and must shell out another $3.4 million to finish it, he says. Costs include $190,000 in flooring, $225,000 in tile, $400,000 for a home entertainment center and $256,000 in wall units.
They also own a $1.43 million home nearby.
Rice, 39, played for six teams, including the Heat and Knicks. His last season was '03-'04. He lists his gross annual income as $470,700, with a $210,600 net. He says he is ''without any meaningful earned income at . . . present'' and that Cristy ''represents that she is losing money'' at her store Bri Bri.
They are ''overextended,'' he says, but Cristy ''continues to spend money as if it is going out of style,'' recently buying an $11,000 necklace.
They had a $9 million offer on the house, he says, but without her cooperation ``offers cannot be negotiated.''
Cristy, 35, disputes his completion cost numbers. She says he knew the budget, agreed to the prices and ''picked the home entertainment center.'' He has substantial investment income that provide ''sufficient cash flow,'' she says, adding that his decision to ''delay construction'' resulted in increased costs. ``Wife should not be forced to sell this home as a result of husband's manipulations.''
The Rices, married nine years, have three children -- Brianna, 8; Giancarlo, 5; and Giovanni, 3. Miami-Dade Circuit Judge Amy Steele Donner has the case.
