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re: Madisonville - Friends coming back as two restaurants

Posted on 6/24/20 at 3:43 pm to
Posted by ClubTiger
Member since Aug 2005
394 posts
Posted on 6/24/20 at 3:43 pm to
quote:

Article says they now have an 88 space parking lot on site. Weird that the last owner didn’t buy the property for that.


Was involved with the rebuild after Issac. Original owner (who did sadly commit suicide) always had the marina parking as part of the plan. Its a family that owns the marina. He made a handshake deal on the parking with the mother. She passed away right when construction started and the daughters didn't want to give him the parking. He got screwed and had to buy the adjacent house and have it moved off site by barge to create the little bit of parking they had.

Owner who committed suicide was underwater in debt. Took a good idea and blew it up too much. The new owners bought the property for less than half of what the other owner had it in. At those numbers, they should be able to turn a profit and make it work.

Hope it does well. Lot a blood, sweat and tears on the piece of property. Will be good to have that building in commerce again
This post was edited on 6/25/20 at 10:17 am
Posted by Billy Mays
Member since Jan 2009
25300 posts
Posted on 6/24/20 at 5:58 pm to
The extra parking does help, but the bridge traffic for those intersections on 21 is still a pain in the arse if you are coming from Mandeville.

IDK if that traffic bottleneck is problem that can be solved tho.
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