Cal-Fit=Unfit?

I was driving down 8th Street and noticed California Fitness is no longer open, it is now a 24 Hour Fitness. So it got me wondering...what happened? Andwhere can I find out. I googled it, nothing. Word on the street has it that CalFit quietly went under recently. I mean quietly, according to one source, she signed up for a 1 year membership one day, and the next the business was gone. She is still on the hook for the membership. WHY would a business take money from someone when lord knows there would be some kind of rumblings that not everything is right in the financial department??? Now there is nothing that can be done for thse people who used to frequent that gym, but some food for thought: according to Wikipedia 24 Hour Fitness was the parent company to California Fitness. Makes me glad I have a leisure pass.