Committee backs emergency restructuring for local restaurant’s CDBG loan
The committee unanimously recommended emergency consideration to restructure a $300,000 CDBG economic development loan for a restaurant rebranding (Speakeasy → 41 Grill and Drafthouse), allowing six months interest‑only followed by catch‑up; staff said the borrower has remained current with payments and has about $174,000 outstanding.
The full story
The Budget & Finance Committee recommended emergency consideration to restructure a CDBG economic development revolving loan for a local restaurant that changed formats and reopened as 41 Grill and Drafthouse.
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