Financial woes plague Erie Street Market and CitiFest - News, Weather, Sports, Toledo, OH

Financial woes plague Erie Street Market and CitiFest

TOLEDO -- The future of CitiFest is in doubt. The group is around $40,000 in the red, reports News 11's Rob Wiercinski.

But not everyone agrees with the presiding assessment of the problem, which is that the Erie Street Market's operating losses are actually why CitiFest is in financial trouble, as Board Chairman Brian Epstein told News 11 earlier this week. 

The Erie Street Market is actually owned by the city, but CitiFest is in charge of its day-to-day operations. A request was made on Wednesday for financial records, but calls to Epstein have not been returned.

Toledo Mayor Carty Finkbeiner is challenging the claim that, saying CitiFest might actually be dragging down the market.

Against some daunting odds, vendors at the market are keeping a positive outlook for the future. But there's a deep concern the financial woes for CitiFest will affect their businesses.

"Oh, it will. Everyone that reads the newspaper, that's four more people who are not going to come down here. We are down here and have been down here for a year now," says vendor Pam Jackson.

Mayor Finkbeiner says a complete review of the CitiFest books is on the horizon. "The accounting, that needs a professional doing that and that's going to be launched very shortly," Mayor Finkbeiner told News 11.

The market manager wants to put an end to what she calls a growing myth about the facility.

"The Erie Street Market is not closing, absolutely not," says Connie Hoffman, who adds there's growing interest in filling up vacant market space.

"The market here -- we keep getting new vendors all the time. Bailey's Pizza, that's brand new -- and we have the restaurant out front and Van Andrews food is coming in," Hoffman says.

Both Hoffman and the mayor say even though the future of CitiFest is in doubt, the future of the market is not.

Posted by KO

  • Headlines from Lucas, Wood, Ottawa, Fulton & Monroe CountiesNewsMore>>

  • Huron Co. roads experiencing flooding

    Huron Co. roads experiencing flooding

    Tuesday, August 21 2018 1:40 PM EDT2018-08-21 17:40:34 GMT
    (Source: Huron Co. Sheriff/Facebook)(Source: Huron Co. Sheriff/Facebook)
    (Source: Huron Co. Sheriff/Facebook)(Source: Huron Co. Sheriff/Facebook)

    The Huron County Office tweeted out that multiple areas were experiencing flooding on Tuesday.

    More >>

    The Huron County Office tweeted out that multiple areas were experiencing flooding on Tuesday.

    More >>
  • Drivers warned to be aware of back-to-school traffic

    Drivers warned to be aware of back-to-school traffic

    Tuesday, August 21 2018 1:26 PM EDT2018-08-21 17:26:54 GMT
    (Source: WTOL)(Source: WTOL)
    (Source: WTOL)(Source: WTOL)

    Police are warning drivers to be aware of their surroundings near school buses. Police departments say they've been preparing for hectic streets as drivers adjust to slowing down again in school zones.

    More >>

    Police are warning drivers to be aware of their surroundings near school buses. Police departments say they've been preparing for hectic streets as drivers adjust to slowing down again in school zones.

    More >>
  • Man arrested on charges of shooting AK-47 into E. Toledo home

    Man arrested on charges of shooting AK-47 into E. Toledo home

    Tuesday, August 21 2018 1:25 PM EDT2018-08-21 17:25:49 GMT
    A man is in the hospital after bullets were shot through his east Toledo home (Source: WTOL)A man is in the hospital after bullets were shot through his east Toledo home (Source: WTOL)

    An 18-year-old man is in custody, accused of firing a weapon into a house and wounding a man in the stomach. Damarrea N. Smith, was arrested Monday on charges of shooting into home with an AK-47. Man suffers gunshot wound to stomach According to court documents, Smith is accused of riding in an SUV with three acquaintances to an alley off the 600 block of Spring Grove. The four allegedly covered their faces with T-shirts as Smith fired several bullets from the weapon into the ...

    More >>

    An 18-year-old man is in custody, accused of firing a weapon into a house and wounding a man in the stomach. Damarrea N. Smith, was arrested Monday on charges of shooting into home with an AK-47. Man suffers gunshot wound to stomach According to court documents, Smith is accused of riding in an SUV with three acquaintances to an alley off the 600 block of Spring Grove. The four allegedly covered their faces with T-shirts as Smith fired several bullets from the weapon into the ...

    More >>
Powered by Frankly