Here's Where the Kahiki Rebuild Money Went - General Tiki

F freddiefreelance Member San Diego, Ca. Joined: Feb 15, 2003 Posts: 3006	F freddiefreelance Posted posted on Wed, May 19, 2004 10:11 PM On 2004-05-19 17:59, thejab wrote: There was the option of refusing Walgreen's offer, and looking for a buyer that would have continued to run the restaurant. The repairs may have been paid for with a low or no-interest loan from the government as that is one of the few perks of being listed on the Nat'l. Register of Historic Places. There were other ways out (and into the frozen food business) for Mr. Tsao besides cashing in with the Kahiki's destruction. But he couldn't keep the Kahiki name & the goodwill the restaurant had built up over the years. He had to take the restaurant down while it was still popular to do that. Mr. Tsao promised he was reopening to keep that goodwill: “'I have almost 100 people that rely on me for their livelihood. . . I want to make sure that Kahiki lasts another 40 years. That is why we are moving,' explained Michael when asked if he would reopen." (from http://www.tikinews.com/kahiki.html) I only hope that Mr. Tsao keeps that promise, even if the plans for a chain of Kahikis falls through.

On 2004-05-19 17:59, thejab wrote:
There was the option of refusing Walgreen's offer, and looking for a buyer that would have continued to run the restaurant.

The repairs may have been paid for with a low or no-interest loan from the government as that is one of the few perks of being listed on the Nat'l. Register of Historic Places.

There were other ways out (and into the frozen food business) for Mr. Tsao besides cashing in with the Kahiki's destruction.

But he couldn't keep the Kahiki name & the goodwill the restaurant had built up over the years. He had to take the restaurant down while it was still popular to do that. Mr. Tsao promised he was reopening to keep that goodwill: “'I have almost 100 people that rely on me for their livelihood. . . I want to make sure that Kahiki lasts another 40 years. That is why we are moving,' explained Michael when asked if he would reopen." (from http://www.tikinews.com/kahiki.html) I only hope that Mr. Tsao keeps that promise, even if the plans for a chain of Kahikis falls through.

Post #92020 by freddiefreelance on Wed, May 19, 2004 10:11 PM