Re: How Bob Castellini helped The Banks get on track
Once again, the misinformation rumor mill spun by the irresponsible local Cincinnati media lead everyone to jump to conclusions about TK's, and The Banks in general, before knowing any facts.
Here's what TK's said on its Facebook page last night:
We learned earlier today that our landlord initiated litigation alleging that CRGE Cincinnati, LLC dba Toby Keith’s I Love This Bar & Grill (“Toby Keith’s”) had breached its rental obligation by failing to pay rent in a timely manner. There has been some concern raised by the local media and others that Toby Keith’s failure to pay rent under the Lease is just a sign that Toby Keith’s is in financial trouble and will be closing its doors. Nothing could be further from the truth. This is simply a contract dispute between the Landlord and the Tenant. While Toby Keith’s has withheld rent from the Landlord, it is in response to what Toby Keith’s believes to be a violation of protections it is provided under its lease agreement with the Landlord. Specifically, Toby Keith’s believes that its exclusive to operate as a country music themed restaurant providing live music is being infringed upon by another Tenant with Landlord’s approval. Toby Keith’s has placed the Landlord on notice that it believes a violation has occurred and the Landlord has failed to cure the violation. Landlord feels otherwise. Unfortunately, at this stage, this issue must play itself out in the courts before a resolution can be reached.