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Historic New Orleans Grocer in Peril, Future Is 'Day to Day'
Source:
usnews.com
- Oct 31, 2018
NEW ORLEANS (AP) — It took more than eight years and millions in taxpayer subsidies for the historic Circle Food Store in Treme to reopen after Hurricane Katrina.
Now, just four years after the grocery store and neighborhood landmark returned to business, its owners are on the brink of shutting it down, mired in debt and fighting their own family in court over money they claim was embezzled from the business.
"We're still here but we're in bad shape," said owner Dwayne Boudreaux Jr. as he stood amid the half-stocked shelves of the 80-year old store, which re-opened in 2014 following an $8 million renovation funded largely through bank loans, city-provided grants and more than $4.4 million in tax credits.
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Category: General Business
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