Interesting agenda item for Tuesday’s Greensboro City Council meeting:
Resolution authorizing extending the repayment start date an additional twelve months on a $1,275,000 loan to the Nussbaum Center for Entrepreneurship Inc.
The City Council approved the loan in May 2011 after the Nussbaum Center moved to South Elm-Eugene Street. The attachment adds Nussbaum’s scheduled monthly payments “are significant and with expected lease levels yet to be attained beginning full repayment of the loan may lead to staffing and program in the short-term and would dramatically affect cash flow.”
It will be interesting to see if the council has a few choice words for the Nussbaum Center or if they simply rubber stamp it. Regarding the last post, note that Deep Roots –which opens its downtown location on Wednesday and to which DGI points as evidence that it’s doing something—- remember the City Council approved a $100,000 loan toward that project.
........As you post your comment, please conform to Piedmont Publius's simple comment policy: we welcome all perspectives, but require that comments be both civil and respectful. If you wouldn't say it to a co-worker in front of your boss, it probably is not civil and respectful. We will delete any comment that fails this test and issue a warning to the poster. A second offense will result in a ban on commenting on this site. In sum, disagreements, arguments even, are welcome; abusive behavior is not. Thanks.