Horn BBQ to assume Slow & Low's taxpayer-guaranteed loan says the city of Elk Grove
https://www.elkgrovenews.net/2025/01/horn-bbq-to-assume-slow-lows-taxpayer.html
Although the city of Elk Grove has been evasive in responding to inquiries about the Slow and Low restaurant closure and its effects on a taxpayer-supported loan guarantee, they have provided some information on social media.
In a city of Ek Grove Instagram post yesterday on an unrelated subject, one person asked, "What happened at slow and lo? Did the city lose all that cash?" Today, the city answered the question with the following reply.
Based on the city's answer, Horn Barbque will assume the original $500,000 given to Slow and Low's owner, David Hargis. It is not known what collateral the Horn organization will use for the loan.
On the social media platform Threads, Horn posted an entry about their takeover of the Slow and Low. Below is their post and an inquiry from Elk Grove News seeking verification.
If Horn responds, this story will be updated.
You may not like us, but here you are!
Posts
1 comment
So let me see if I got this right...an Oakland barbecue chef is facing lawsuits from former employees for over $200,000 in back pay and unpaid vendors--and his restaurant burned down; an Elk Grove restaurateur is being sued for loan default for another restaurant and the two of them have crawled into bed together to form a new partnership to reopen the struggling barbecue joint in the Old Town Gaslamp District.
The City (taxpayers) originally sold the Gaslamp property at below-market price and have posted $500,000 in loan guarantees for building improvements, but we (taxpayers) have a piece of his private property along Garden Highway that is mostly underwater, as collateral. The City is coordinating press releases for the grand reopening and will hype this business until the cows come home (or get barbecued)!
All that's missing now is Alvin Cheung and CNU, the crown prince of Nigeria, and NRC Manufacturing!
Post a Comment