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Bad news on Koronaz

I just got some terrible news on this. I just got a message from a reader who said that the Neighborhood Association didn’t approve their proposal. They wanted the Friday and Saturday hours to be restricted to 10pm. Knowing they couldn’t compete with other nearby establishments under those restrictions, Koronaz walked away. If anyone reading this was part of the group fighting this, I have a personal message to send out:

Shame on YOU! Someone wants to invest their hard earned money and labor in your neighborhood, during a downturn in the economy, and you tell them to buzz off. I live about four blocks away from this location and I know full well what the area is like. I just don’t see how you could think this would be a bad addition. There are still a lot of rough buildings in this part of the neighborhood. I’m glad to see that you support “progress”.

Sickening. Just sickening.

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Matt Kastner

Matt Kastner is an Investment Real Estate Consultant at St. Louis Real Estate Society in St. Louis, Missouri. He is also develops properties on the side through Threshold Properties. When he isn’t representing investors in the purchase or sale of multifamily properties, rehabs, foreclosures and other income producing properties, he is often taking on rehab projects himself. He lives in South St. Louis and has been in the real estate business since 2004.

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