ROANOKE - Nishidh Patel, owner of the local Independent Grocers Alliance (IGA) store, addressed the village board at its Sept. 3 meeting to request some assistance. He noted business has been in decline and it has been a challenge to fulfill the needs of the customers.
Patel added finances to repay the purchase of the real estate along with monthly operational expenses and building maintenance have caused problems in operations in getting the store back to supplying customers with what they want and need and having local residents buy in town. He asked if the village would have any interest in purchasing the real estate to help him cut expenses or if they know of anyone who would have an interest in doing so. If not, Patel asked if the board has ideas for providing capital to re-merchandise the store with repayment terms to be discussed.
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“It’s an unusual request and one we have not heard before, but we will discuss it,” board president Mike Smith said. “I do not know what the village can do. The village is not flush with money, but we will discuss it. We do have $6 million in debt right now.”
See article on Sept. 12 Woodford County Journal newsstands