AUSTIN – Tuesday morning all items from running shoes, exercise equipment, posters, water coolers and autographed pictures will go to the highest bidders in an auction for RunTex.
The iconic Austin store specializing in running shoes for 25-years was forced to vacate its Riverside and South First location after getting $80,000.00 behind in rent and $17,000.00 behind in property taxes.
Paul Carroza, the RunTex owner told KVUE News Monday the trouble started in 2008 when he tried expanding three stores in to five.
“The lesson learned is when you're a small business owner, you've got a great concept, you love what you're doing, before you go expand it and spread it too thin, the next thing to learn is capital," said Paul Carroza, the RunTex owner.
Carroza said there is one item in particular that he’ll have a difficult time parting with.
President George W. Bush’s running shoes which he signed are also up for auction.
“I think the Bush shoes are something I wasn't planning on giving away. I wanted to hang on to those. To me that's kind of like my focal point in this whole thing is the Bush shoes. Kind of a big deal," added Carroza in an interview with KVUE on Tuesday.
Carroza said that he’s working on another location in Austin for a new RunTex site.
“I want RunTex to be a place, I don't want it to just be an idea or a website so I want to come back with a place but I'm not in a hurry to get that place back up because I want it to be special," added Carroza.
Tuesday’s auction at the RunTex Riverside location starts with a 10 a.m. viewing. The auction begins at 11 a.m.