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domains Local Businessman buys Kenosha.com ($75k)

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When Jim Gourley Jr. wants something, he typically finds a way to get it.

The 66-year-old Kenosha (Wisconsin, United States) native has acquired the Internet domain Kenosha.com from an Arizona man, who recently announced he owned it and was willing to sell it for $75,000. Gourley said he read about the domain in a recent Kenosha News article and immediately had to have it.

“I asked him, ‘How fast can I get it?’” Gourley said.

Fred Mercaldo, founder and CEO of Geocentric Media Inc., was more than happy to expedite the transaction. The 64-year-old Scottsdale, Ariz., resident listed the domain for sale on his website (Geocentricmedia.com) along with dozens of other city dot-com sites he’s acquired over the years.

Kenosha implemented Kenosha.org as the city’s website in 2009.

Kris Kochman, community relations liaison for the city, said city officials looked into acquiring Kenosha.com at that time, but the address was already taken. Many of the popular internet domains, including thousands of cities, were registered by web programmers in the early 1990s and eventually resold at a significant profit.

Fifteen years ago, Mercaldo bought Scottsdale.com and developed the site. It generated as much as $3 million per year with about $800,000 from advertising and commission revenue, according to Mercaldo. He is currently selling the Scottsdale.com domain along with a portfolio of two dozen major cities for $25 million.


Read more (Kenosha News)
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