Another Great City of Cincinnati Business Decision (Not) (Perry, Rogers: sales, lease)

[ohioaninsc]

Originally Posted by unusualfire

You can't be serious?

I am...every time I saw the place when I am in the Banks, its by far the slowest...I've never seen it busy there. Crave, Holy Grail, Jefferson Social, Lagerhouse, Yardhouse...they have always seemed to be busy.

[unusualfire]

Developers threaten Mahogany's at the Banks with eviction - Cincinnati News, FOX19-WXIX TV

[kjbrill]

Hey, isn't it a great public policy testimony to the absolute affirmation of the Cincy City Council's ability to bless their decisions for the future.

[Sarah Perry]

Originally Posted by unusualfire

Do you really think every grant and loan they gave out all panned out except this one???? From what I understand Mahogany is not in default They maybe just be behind a payment or two like Toby Keith. Their busy season is just around the corner.

No, there have been a bunch of handouts just over the last few years that didn't, as you say, pan out. That's the point. There are so many of them that it's pretty obvious it's a pattern. Google the Glencoe Place fiasco for a start. Of somebody refresh my memory on the theater rehab scammer. I've forgotten his name.

[Sarah Perry]

Originally Posted by ohioaninsc

Most business owners get loans and startup cash through banks...Banks only lend money to those they know have a good history of paying loans back...no bank would loan to the owner of Mahogany's...that alone tells you the city definitely shouldn't have.
It's BS to push for a certain group to own a business...if they want to own one there, they should come up w/ their own financing and do it the way that every other business does. City gov't should never lend money to a business...tax abatements and tax breaks, sure...but its not the job of the city to be a bank...especially when real banks already established that this owner was an extreme credit risk.
Obviously no one cares for soul food or the place would be busier.

People like soul food. They just don't want to pay upscale prices for it in a place with questionable service.

I recall a few years back they were charging $16 for four chicken wings on a waffle. Probably $18 or $20 now. That's a flawed business model.

[Sarah Perry]

Originally Posted by unusualfire

OPINION: Cincinnati needs inclusion 'czar' | Cincinnati.com | cincinnati.com

You can sort of see why the loan and grant was given. I do not have a problem with that.

By the way, I'm curious about your perspective. Do you pay property tax within the City of Cincinnati, and depend on the City for essential services? Not meaning that everyone doesn't have a right to an opinion, just wondering where (literally) you're coming from. I absolutely want my tax money spent on something other than these endless handouts for failed and nonexistent projects.

[unusualfire]

I don't live in the city. I live in Silverton. So the only tax I pay to Cincinnati is the school levy for Cincinnati Public schools.

[mike1003]

Over 50K in back rent. 10 days to pay up. Hummmmmmm, sounds like a million dollars of Cincy tax payers being flushed down the toilet!!!

Glad I am not living or working in the city. But love the politics, always have.

Gee, I hope the trolley does better

[Zen_master]

Originally Posted by unusualfire

Do you really think every grant and loan they gave out all panned out except this one???? From what I understand Mahogany is not in default They maybe just be behind a payment or two like Toby Keith. Their busy season is just around the corner.

talking about the 'inclusion czar' not the grant to Mohogany's

[chet_kinkaid]

i can imagine what bill cunningham is saying about this..ill have listen to regular radio on monday on my drive to work..cicninnati politics is the best theater there is