BIZ FIRST: Pub at 4SL closes in dispute with Cordish

[Robin Garr]

Looks like Business First has its teeth into a hot restaurant business story here:

Pub at Fourth Street Live closes amid dispute with Cordish
Business First by Andrew Robinson, Reporter
Date: Monday, November 12, 2012
Andrew Robinson
Reporter- Business First

The Pub Louisville, located at 412 S. Fourth St. in Fourth Street Live, closed Monday morning.
Nancy Parrott, director of marketing and public relations for Tavern Restaurant Group Inc., the Cincinnati company that owns The Pub, said there is an ongoing lawsuit between Tavern Restaurant Group and The Cordish Cos., which developed Fourth Street Live. But she declined further comment about the lawsuit.

Courts were closed today because of the Veterans Day holiday, but a copy of the lawsuit, filed Oct. 28, was provided to Business First by Mark Smedal, an attorney with Smedal Harralson & Croce, who represents Tavern Restaurant Group.

In the lawsuit, Kentucky Pub Investments LLC, the operating name for Tavern Restaurant Group in Louisville, disputes common area maintenance costs that it claims were imposed retroactively by Louisville Galleria LLC, the Cordish subsidiary that owns Fourth Street Live. The company claims that rent payments it made were applied by Louisville Galleria to those costs, and that, as a result, Cordish claimed that Tavern Restaurant Group had failed to pay its rent from April to September.

Full story:
http://www.bizjournals.com/louisville/n ... a=e_lou_bn

[Joe Hayden]

This is unfortunate... I'm an admitted fan of the Pub Burger (add blue cheese)...

I would assume that there is more to this story, maybe sales were down and this is an out, etc. We shall see!

[Jeff Cavanaugh]

Here's an earlier story by The Ville Voice on this Cordish practice: http://thevillevoice.com/2012/04/30/cor ... usinesses/

[Adam C]

Damn.. what a nightmare.

[DanB]

Those numbers sound like the operating budget of an amusement park... or maybe a small space station. Who would ever locate there?

[RonnieD]

Maybe promises are made early on and then never kept?

Maybe the expectation/promise is that tenants will make so much money being a part of the complex that they will not mind/notice the higher fees?

Maybe there are unrealistic projections about how and how much the complex will be promoted and how big of a role tenants will play in the promotion?

Maybe certain rules about how tenants will be able to promote their business in the complex are simply not mentioned early on or maybe such rules are created and arbitrarily enforced after the fact?

Lots of maybes.

[Antonia L]

Ronnie, it's like you have firsthand knowledge of some of this b.s. (hee hee.)

But seriously, soo looking forward to your reopening downtown. I haven't heard anything on here so I assume you're not up and running yet at 5th and Jeff.

[Bryan Shepherd]

The names Cordish Group and Jerry Abramson make me feel a little nauseated...

[David R. Pierce]

The names Cordish Group and Jerry Abramson make me feel a little nauseated...

I agree plus add Mitch McConnell to the top of the list.

[Mark R.]

The names Cordish Group and Jerry Abramson make me feel a little nauseated...

I agree plus add Mitch McConnell to the top of the list.

The first two have cost us lots of money while McConnell has saved us money!

[Lonnie Turner]

The first two have cost us lots of money while McConnell has saved us money!

You got that right! He donates his Congressional pay to Louisville charities.
Oops, sorry, that's John Yarmuth...

Well, "+1" on Cordish, anyway.

[Chris M]

The names Cordish Group and Jerry Abramson make me feel a little nauseated...

I agree plus add Mitch McConnell to the top of the list.

The first two have cost us lots of money while McConnell has saved us money!

Thanks man. I needed a good laugh this morning.

[Deb Hall]

The first two have cost us lots of money while McConnell has saved us money!

Thanks man. I needed a good laugh this morning.

LOL, Chris. Ditto.

[Steve P]

The names Cordish Group and Jerry Abramson make me feel a little nauseated...

I agree plus add Mitch McConnell to the top of the list.

The first two have cost us lots of money while McConnell has saved us money!

If this is true then watch out because unbeknownst to me monkeys have just flown from my ass...

[Carla G]