Wednesday, July 10, 2019
TKC TOLD YOU SO!!! SUNFRESH OWNED BY KANSAS CITY ALREADY BROKE AND BEGGING FOR CASH!!!
One year after the grand opening, the new Sun Fresh Market at the corner of Linwood Blvd. and Prospect Ave is already on its way to bankruptcy and is now totally dependent on City Hall support for survival.
To wit and despite political rhetoric lamenting "food deserts" that won't help generate revenue . . .
OUR TKC BLOG COMMUNITY PREDICTED INEVITABLE FAIL FOR THIS GROCERY STORE BUILT TO SATISFY POLITICAL MOTIVES AND NOT MARKET FORCES!!!
Check the damage . . .
Fox4: City-owned Sunfresh grocery store can’t pay its bills
After a year in operation, Kansas City council members learned Wednesday that the grocery store the city created at 31st Street and Prospect Avenue isn't making enough money to pay its bills.
The finance committee unanimously approved a $345,000 subsidy Wednesday for the Sunfresh grocery in the Linwood Shopping Center.
Nearly $15 million of both public and private money has already been invested into revitalizing the shopping center.
To be fair, today's discussion accurately noted that violence in and around the store has chased customers away. Our readers were first to break news about a serious "shrinkage" crisis (ew) and throughout the year there have been shootings, assaults and a bevy of serious crime near the locale.
So what's the plan to save the store and move to profitability?
Sadly, there's nothing on the table but seemingly endless taxpayer subsidy for another bad idea that was only established to justify more giveaways to developers.
You decide . . .