City Desk

This Just In: Diner/Tryst/Open City Owner Mulling Over Buying City Paper

OK, well, what Constanine Stavropoulos actually said was: "I think that would be fun" and "I have to think that you guys, as a unit, are profitable and you are probably paying for the sins of the owner."

The reality: Stavropoulos currently has his hands full trying to develop the former Church of the Rapture at 14th and T, which we wrote about to great comment fanfare (Count 'em: 22) back in July. Stavropoulos says the property is still in the negotiation phase.

"We spent about 95 percent of our time on community outreach" trying to get the neighborhood and the ANC to on board  and the rest of the time nailing down the details of leasing the space, which looked to be a bit firmer a few months ago. The financials being the current financials, Stavropoulos and Co. are still in talks with the current owners to secure the space. He promises City Desk the full scoop in a couple of weeks. He did not, however, promise to buy City Desk, despite possibly getting its compromised content for a steal. But he's mulling.

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Comments

  1. Stating the Obvious
    #1

    “I think that would be fun” and “I have to think that you guys, as a unit, are profitable...”

    Sounds like just as sound of a model as Creative Loafing.

  2. #2

    Actually, a local owner like this could be the perfect medicine for CP. It would be an exact reversal of what ails the paper currently: ownership from elsewhere, and now debt obligations that are not CP's doing. Take it local, nurture it locally, and it will thrive again, locally.

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