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Restaurant closed at The Banks owes 40K in sales tax
CINCINNATI (Paula Toti) -- Mahogany's restaurant at The Banks has been closed until further notice.
It was shut down Tuesday, August 26th, 2014, by the state for back sales tax. Local 12 couldn't reach the owner, Liz Rogers, Tuesday to find out if she planned to try to work out a payment deal. The tax liens filed in Hamilton County show about $40,000 owed in sales tax.
In 2012 Cincinnati city council approved a finance package to help bring the restaurant to The Banks. It included a $700,000 grant and a loan of $300,000. The restaurant had been paying on the loan but is still $28,000 behind.
The financial deal was criticized by some when it was made. Even before the city made the deal it was learned the owner was behind some $49,000 in federal taxes from another business. Still, Local 12 found customers at The Banks with mixed opinions on the merit of the city help.
Mahogany's faced eviction earlier in 2014 because it was behind on rent but then caught up and was able to stay. If the city doesn't get its money back from the loan it would have the right to some of the assets in the restaurant, like equipment.
The city is hoping the business can reopen and it won't come to that.
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