Bombers appropriately opens it's business on Cinco de Mayo.
BTW, it's reported that Obama is ordering that the holiday be renamed from Cinco de Mayo (5th of May) to Cinco de Cuatro (5th of 4th). He is such a statesman.
Why are you at "work"? You should be enjoying a free bean burrito with the other big gasbags Judy D, Death Ray, Tony J. and Son of Sam.
2AM? lol-For how long? This is just the greasy, gassy fare you should enjoy before a performance at taxpayer rat hole Proctor's. More "renaissance" news-together with the hot dog vendor in front of the packed welfare office.
BTW, it's reported that Obama is ordering that the holiday be renamed from Cinco de Mayo (5th of May) to Cinco de Cuatro (5th of 4th). He is such a statesman.
I saw that this morning - what an a** he is. See what happens when he doesn't have his teleprompter? Everyone said he was a great orator ... sorry, I just don't see it.
It's just a good thing for obama that the media is liberal. If that were ever Bush, it would have been all over the news. obama is nothing more than a fake, fraud and impostor. IMHO
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
Schenectady Bombers bolsters its neighbors, too Friday, June 26, 2009 By Kathleen Moore (Contact) Gazette Reporter
SCHENECTADY — Bombers is not only attracting customers but helping its downtown competition to prosper. Other lunchtime restaurateurs had voiced worries that the popular burrito bar would decimate their business. Now, they’re singing Bombers’ praises. “Our business has picked up. We get a lot more walk-in business,” said Sandra Coville at Nico’s Pizza, which has become the top second choice for Bombers lunchers. When a line forms out the door at Bombers, workers who have half an hour to eat often head next door to Nico’s, even though they had wanted Mexican fare. “They come over here — and then they say they like pizza better anyway,” Coville said. Several hundred customers descend on Bombers during lunch, cashier Sarah Darby said. At first, it was almost too much to handle. “It was pretty crazy,” Darby said. “It’s definitely gotten a lot more steady since the opening. We get a great lunch rush. Business has been awesome.” The restaurant had to put its plans for delivery service on hold because it was so busy. Workers reported being so exhausted that managers cut back on hours, closing on Sundays to give everyone a break. The rest of the week, the restaurant is downtown’s biggest food magnet, according to business owners. “It’s certainly brought more young people downtown,” said Chez Daisie Creperie owner JoAnne Sifo, who gauges downtown’s success by the number of available street parking spaces. The spots are always filled now, she said, so customers must park in the free lots behind Jay Street............>>>>...........>>>>..........http://www.dailygazette.com/news/2009/jun/26/0626_bombers/
So, let me get this right, this business is a raving success at the moment...so much that the owner has decided that the first thing he needs to do is to start cutting hours that the business is open? Doesn't exactly seem right to me. Maybe Ray Gillen would have something to say about this. After all, if the people there are being overworked, shouldn't the owner (and I guess you could sort of call Metroplex that, if they paid part of the money to get this off the ground), be hiring extra help, helping the Metroplex job numbers climb a little? How soon, since it's a success, do the taxpayers get their (our) money back?
How soon, since it's a success, do the taxpayers get their (our) money back?
With this transaction, you don't, except for 5% interest over 15 years. Here's why:
Quoted Text
Metroplex Participation Metroplex will sell 447 State Street for $500,000, and hold a mortgage on the real estate. Bombers has secured sufficient financing to renovate and fit-up the facility with Key Bank is providing construction financing of $700,000, Metroplex providing a $204,315 grant, and developer equity of $88,435. Metroplex will also guaranty Key Bank’s construction note up to $250,000 during the construction period, which will be released upon permanent financial falling into place.
(1)$250,000 note, 15-year term at five percent interest per annum secured by a subordinated mortgage and the personal guaranty of Matthew Baumgartner (2)$250,000 note, 20-year term at zero percent interest secured by a subordinated mortgage and the personal guaranty of Matthew Baumgartner
$204k was an outright grant, while the half "mil" was in two mortgages - 15 years (250k) at 5% - 20 years at 0%
Logged
Why are you at "work"? You should be enjoying a free bean burrito with the other big gasbags Judy D, Death Ray, Tony J. and Son of Sam. 
