Preserve our Local Hospitality Businesses
This petition requests opposition to a proposed subsidy for a K Street bar/restaurant/night club facility because it will damage the existing Hospitality businesses in the Central City of Sacramento.
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We the undersigned urge the Sacramento City Council to reject the proposal to subsidize Hospitality establishments on K Street at this time.
Exuberant construction during the boom times has created an over-supply today. General economic conditions have reduced demand. Together, these factors mean that most local businesses are barely hanging on. This project will bankrupt businesses that invested their own money in Sacramento and will send the message that reasonable Hospitality investors should avoid the central city in the future.
Again, we urge you to vote no on this subsidy request and instead focus this $5 million on supporting local business and preserving key government services.
Thank you for your time,