Judge orders Hulk Hogan to go through with condo purchase

CLEARWATER -- Terry Bollea will not be released from a court order that forces him to close on a Las Vegas condomonium, Pinellas-Pasco Circuit Judge George Greer (pictured below) ruled Friday.

At least, not for now.

The three-page order issued this afternoon followed up on a hearing Tuesday pitting Bollea, a.k.a. Hulk Hogan, against his estranged wife Linda.

The Bolleas put an $840,000 downpayment on a $4.2-million condo in 2005. In April, the court ordered Terry Bollea to go through with closing on the purchase of the condo, which was scheduled for May 30.

Terry Bollea agreed at the time, but that was before he received his own appraisal of the property. His appraiser put the condo's value $1-million below the value assigned to it by Linda Bollea's appraiser.

The question before the court this week was whether Terry Bollea could go back on an agreement made on the basis of mistaken information.

On Friday, Greer said there were still a number of legal questions in doubt, including how much liability the Bolleas would face if they didn't close on the property. He said that until those facts were resolved, he saw no reason to let Terry Bollea out of the court order.

The condo is part of Palms Place, a 47-story building attached to the Palms Casino Resort in Las Vegas. The Web site for Palms Place said the tower's 599 units range from 600 to 7,000 square feet and go for $500,000 to $7-million.

--Jonathan Abel, Times staff writer

[Joseph Garnett, Jr., Times files]

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