Solanbridge Group Inc. (SLNX)

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Look = Dave's consultant knows-the steak restaurant business!

May 24, 1989

The Ponderosa Steak House on U.S. 441 has shut its doors, but a former employee hopes to reopen the restaurant, perhaps as early as June 1.

The restaurant was formerly owned by Charles Randolph Lance, now under investigation by the FBI in an alleged check-kiting scheme that could cost Commerce Bank of Tampa about $2.06 million. Financial troubles, including bounced paychecks, plagued the Ponderosa before it closed, said Joe Trotta, former operations director at the restaurant.

Kim Ashby, lawyer for Greyhound Real Estate Finance Co., said the company is asking that a receiver be appointed to reopen the restaurant while a buyer is sought for the property. Greyhound has filed suit claiming the mortgage is in default.

Ashby said a functioning restaurant would be worth more than a closed property to prospective buyers.

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