Wednesday, October 30, 2013

Yahoo CEO Marissa Mayer buys funeral home, closing just in time for Halloween.

Yahoo CEO Marissa Mayer is the new owner of Roller & Hapgood & Tinney, Palo Alto's oldest funeral home, which will close Oct. 31, or Halloween. She paid a stiff price too - $11.2 million.

Marissa Mayer purchased a funeral home.

The property is 1.16-acres in Palo Alto, CA and has been home to the 114-year-old family-owned mortuary since 1951. The mortuary owners have stated that the funeral home will close its doors forever on Halloween. Roller & Hapgood & Tinney was the oldest funeral home in Palo Alto and has a rich history.

The property is currently zoned "planned community" (PC) and allows only a commercial funeral-home to use the site, said Aaron Aknin, Palo Alto's assistant director of planning and community environment.

"Any new development would need to go through a re-zoning process -- Planning and Transportation Commission review and City Council approval required," he said.

The corner lot is, however, across the street from blocks designated for single-family homes. It is also one block away from single-family residences.

Mayer could not be reached for comment regarding the purchase or her plans for the property.

The land deal closed Oct. 7, according to Jim Spangler, president of Mountain View-based Spangler Mortuaries, which purchased Roller & Hapgood & Tinney's business assets. He does not know what Mayer plans to do with the property, he said.

Yahoo CEO owns a home nearby for entertainment purposes.

Mayer's current 5,600-square-foot home, on 0.3 acres, was the site of a Democratic fundraising dinner with President Barack Obama in October 2010. Neighbors have stated that Mayer purchased the home as an entertainment hub for her lavish parties. Her home is being decorated inside and out for her Halloween bash tomorrow.

Since the Yahoo CEO owns a home about a block away, we wonder what she’ll do with a funeral home. To motivate under-performing employees? It’s anyone’s guess.

The Source

Funeral fund

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