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Monday, August 27, 2018 7:55:33 PM
Midtown opened late....and what happened? Nothing. It’s still making money, it’s still consistently full, it is still expanding the brand. What possible bind could JRF be in?
Also, not to be harsh (I admire JRF as much as the next guy) but what possible risk does Tempe opening late entail for AMFE?
The whole point of this location being FULLY FUNDED by a 3rd party was to transfer the risk from the company, to the individual. Now, for JRF’s well being, I hope that Tempe opens as soon as possible, so that he can start getting his return on his investment, but as far as the company goes, nothing will happen if it opens tomorrow or a year from now, because the company did not invest any of its money into the property. The property was FULLY FUNDED by a private investor.
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