City approves loan to hotel developers
July 23, 2012 at 5:52 pm in Worthington Daily Globe
WORTHINGTON It took more than 90 minutes of discussion and questions, but in the end the Worthington City Council unanimously approved the $400,000 bridge loan to the Lexington Hotel Development (LHD), contingent on the stipulation that all of the personal guarantees are verified. Continue Reading
Against all the stats and figures stacked against the hotel at this time, the council throws caution to the wind and unanimously votes in favor of nearly half a million dollar loan.
Apparently common sense isn’t all that common anymore.
The Big Red Barn and the Spent Chicken Factory failures comes to mind. Did we lean nothing from them?
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