Thursday, July 25, 2019

COMMUNITY NEWS REVEALS KCMO-OWNED GROCERY STORE DESTINED TO FAIL!!!



On the topic of an embattled local foodie outlet that recently garnered $375K worth of 12th & Oak funding, the Northeast News pens one of the best columns we've read so far this year.

To wit . . .

NORTHEAST NEWS DOCUMENTS EAST SIDE SUNFRESH FAIL LOCKED INTO THEIR OPERATING STRUCTURE!!!

Read the entire column, here's the money line that offers great financial deets and a wealth of experience . . .

"Roughly 75% of sales at grocery operations on the city’s East Side are purchases using WIC and or EBT cards. Those purchases incur no sales tax.

"Sales taxes are used to repay the TIF financing. So immediately upon the doors opening, the store is already failing to meet its financial obligation."

And then . . .

We won't call this sour grapes but it's a delicious look at the newspaper game behind the scenes from the vantage of two institutions trying to find their way into the future . . .

Northeast News: "Our overtures for an ad buy to date have been met with crickets. Maybe we’re barking up the wrong tree though, maybe we need to send a proposal to City Hall to see how that flies.

"This critically-thinking news-pooch wonders how long the Linwood and Prospect grocery operation will be a drain on city resources. Over $17 million has been invested in the shopping center project so far."

Developing . . .

11 comments:

Anonymous said...

Not really buying the 75% of sales by EBT/WIC and the sales taxes theory because there is really no way of knowing that unless inside the business and accounting operations of the store. Secondly, it has always been very risky for any city government to be directly invested in these private sector business ventures. This Sunfresh and Power&Light, 18th&Vine, other downtown projects are all risky business ventures and the companies like Sunfresh does not really care about business losses because they know that they can take a capital loss for tax purposes and then be bailed out by the KCMO. The KCMO voters signed on with these risky business schemes by remaining silent while the Mayor and city council goes on a spending spree with taxpayers money.

Anonymous said...

damn, I didn't realize people on food stamps don't pay tax.

They may have got the data from something like 75-80 percent of the people within a couple miles are on food stamps

Anonymous said...

As long as the grocery has unlimited use of taxpayer money, by definition it will never "fail".
Just like 18th and Vine, the P&L District, and other KCMO subsidized and tax=favored "enterprises", it will just go on and on and on.
Bleeding millions in tax money as it limps along for decades.
And then there'll be a big big announcement about a brand new scheme, and the whole charade will start over.
Momentum!

Anonymous said...

Welfare. Simple as that. You can blame this on Sly and Jermaine Reed. Reed will spend his whole career sucking blood our to public funds to stimulate losing unsustainable projects he will try to ram thru the City Council.
This grocery store should be sold at auction to the highest bidder.
BTW. Reed is the council member who misrepresented his education saying he had an MBA from UMKC until the chancellor said he never graduated.

Anonymous said...

^^OK. So?? Jesus Christ loser, get a life!

Anonymous said...


Who would want to shop in there. Gross!

Anonymous said...

^^You mama!

Anonymous said...

The store is failing because of shoplifting and when it closes we'll hear complaints about the food desert.

Anonymous said...

A well run grocery store only makes 1 to 2% profit on the wholesale cost of the products sold. Shrinkage lowers that tiny percent to nothing real quick.

Anonymous said...

Which isnt true at all. Grow up. Most of the people who live here are working class and have lived in the community for decades. The passersby, using the bus system, may be on welfare or similar assistance but not the folks immediately surrounding the store. I know this for a fact.

Roosting Chickens said...

He is also the same councilman with was threatened by recall and who ousted homeowners from their homes to make way for that ugly East Patrol building at 26th Prospect. The people should have rallied for the recall. We wouldn't be here today.