New Restaurant Receives City Loans

by admin on February 3, 2011

by Sheila Ash

A new restaurant funded in part with loans from Metro Government will open next week.

The city has given a $100 thousand low-interest loan and $20 thousand forgivable loan to a southern food and seafood establishment at Second and Main streets.

The restaurant is part of the nearly $20 million Whiskey Row project, which includes residential space as well. The development is down the street from the crumbling and controversial Iron Quarter buildings.

Comments Closed

{ 1 comment }

Ron February 4, 2011 at 11:33 am

Does the City do a background check on these businesses before handing over the free money? WHAS reported last night on how dozens of restaurants get the money & loans, don’t pay debt service, taxes, etc. then fold up & move to another city. Majority of businesses were of the Chinese variety, but not all. As a KY official said, not a chance in heck to go after them to recoup.

Comments on this entry are closed.

Previous post:

Next post: