Well, the countdown has begun for auctioning off all the iconic features of "the best piano bar in America"
It would be ideal if the auction were bifurcated so that for the first few days all the furnishings were available en bloc.
There must be an entrepreneur out there somewhere who has rhapsodized about Nye's transplanted somewhere else in the Twin Cities under another name. Of course, the current owners would have to set a reserve price for such an auction.
When the original Guthrie Theater closed, it was so neat that the multicolored seats were sold to the Ritz Theater in Minneapolis. That philosophy deserves to be replicated.
If nothing else, selling the beautiful custom light fixtures at Nye's in one lot to another restaurant or bar locally would be a great investment for someone and a genuine service to the community.
John F. Hick, St. Paul
BLACK BUSINESSES
There are things we need, but a $75 million fund is not one
As a founder of a black start-up, I am not looking for government handouts from the DFL Party or any other benevolent politician ("$75M is proposed for black start-ups," April 7). Since starting my own business, I have been working to empower African-Americans in the Twin Cities through business ownership and self-sufficiency. As a collective, African-Americans in Minnesota have an economic purchasing power of $3 billion. If they were to spend a portion of their dollars at black-owned businesses, it could begin to close the racial disparity gap that was created by decades of covert discriminatory policies and unfair business practices.
I am skeptical of any black leader who claims to represent my interests as an entrepreneur without my input. Many of them have never owned or operated a business. They have never experienced the day-to-day hustle of entrepreneurship. My journey running a black start-up in Minnesota has been featured on CNN. I have received start-up and investment capital from the Minnesota Cup and private donors by way of hard work and providing a superior product. I also advise burgeoning minority- and women-led start-ups while sitting on business competition review boards. With that said, I know there were no serious solicitations for policy formation from vetted and established black business owners like me about this absurd $75 million capital fund. If there were, then the language and ideas would have been reasonable. For starters, this money would be in the custody of a venture capitalist firm or a start-up incubator that understands the start-up culture. Community development leaders do not have this technical expertise or bandwidth.
Capital is a roadblock for black entrepreneurs. I would also include access to contracts as another barrier. Since Gov. Mark Dayton has been in office, I have read reports of minority-owned businesses lacking access to supplier contracts not only at the state level, but also at the county and city levels. Some black business owners tell me about the issues they encounter in obtaining contracts with the Minnesota private sector despite being certified and having successful track records. We need advocates lobbying the public and private sectors on these issues, since we are job-creators. Instead, my intuition tells me that this is another rent-seeking gimmick by certain activists for government dollars at the expense of the poor during a hypersensitive era of race relations in the city.