[Lincolnparkdc] Save Mott's Market Coalition: Updated FAQ

Wed Apr 6 18:33:22 EDT 2022

This is all very helpful, thanks!

On Wed, Apr 6, 2022 at 6:24 PM Eli Rosenfeld <rosenfeld.eli at gmail.com>
wrote:

> Also, please see attached if you haven’t seen the business plan yet.
>
>
>
> Sent from my iPhone
>
> On Apr 6, 2022, at 6:20 PM, Jordan LaCrosse <jordan.a.lacrosse at gmail.com>
> wrote:
>
> 
>
> Hi neighbors,
>
> Passing along a quick update from the Save Mott’s Market Coalition:
>
>
>
> In less than a week, the Save Mott’s Market (SMM) coalition has grown from
> a simple dream to a functioning coalition. With over 100 members ranging
> from current Capitol Hill residents to former neighbors that have since
> moved away, the group is committed to preserving a small bit of our
> community’s rich history.
>
> Growing so quickly, we recognize that there are some questions that might
> not have been answered yet. We hope this brief FAQ will allow for more
> transparency in the progress that has evolved over the last week.
>
>
>
> *I'm not familiar with the market, what does this market mean to the
> neighborhood?*
>
> For more than a century, Mott’s Market has served our community as a
> pantry, gathering place, and safe haven for neighbors of all ages and
> backgrounds. From being a favorite among kids for an after school snack, to
> being a critical resource during snow storms and pandemics, our corner
> market has watched generations of families grow up and has enriched our
> neighborhood's history. The corner market represents a way of life that is
> disappearing on Capitol Hill. We have lost many similar markets in the past
> decade and recognize that we can’t let this moment pass us by.
>
>
> *Who started this initiative and why?*
>
> The beginnings were organic but can be traced back to a few casual porch
> discussions among neighbors. After coming to the conclusion that multiple
> neighbors dreamed of saving the Market, we decided to try to make it a
> reality.
>
>
>
> *What is the goal of the Save Mott's Market Coalition?*
>
> Our goal is simple, to save the corner market. But what does that mean in
> tangible terms? The SMM coalition is banding together to purchase the
> property through a multi member LLC. Neighbors that are interested in
> investing to purchase the property together have been meeting every other
> night for the last week to walk through the nuts and bolts of how this
> agreement will work.
>
>
>
> *Wow, 100 members! Are they all investors?*
>
> Currently about 20 members have signed up to be investors at various
> dollar amounts. The rest of the members have been active in the
> communications effort.
>
>
>
> *How can I learn more about becoming an investor?*
>
> Meeting details have been sent out to folks that have registered on our
> website, SaveMottsMarket.com. We welcome interested parties to join us at
> our next virtual meeting on Thursday, April 8th at 8pm. You can also
> email SaveMottsMarket at gmail.com to set up a one-on-one meeting to learn
> more. We are also having a grassroots meeting tonight, April 7th at 8pm to
> discuss communications efforts such as lawn-signs and stakeholder outreach
> for those not interested in investing.
>
>
>
> *Who will run the market?*
>
> If successful in purchasing the property, the LLC will work to preserve
> the lower level of the property as a corner market by renting the space to
> a viable retailer that shares the community’s vision. The LLC does not
> intend to run the market.
>
>
>
> *What about the upstairs unit? Will that be turned into retail space?*
>
> No, the upstairs will remain a residential rental unit.
>
>
>
> *What will the market look like? Can I buy fancy cheese and toilet paper?*
>
> We have been approached by multiple neighbors and local businesses that
> have interest in running the market. But while it is fun to dream about
> what color awning the market might have or milk selection the market might
> offer, we must keep our eye on the prize: purchasing the property. The LLC
> terms are simple, the group must rent the lower half of the property to an
> entity that will maintain the space as a corner market. The benefit of
> having a multi member LLC made up of a group of neighbors is that any
> decision on what entity will be allowed to rent the space will need to be
> approved by the members rather than one individual.
>
>
>
> *I don’t have money to invest but I have a lot of thoughts about the
> market. Where can I share these thoughts?*
>
> We truly intend for this to be a “for the community, by the community”
> effort and welcome feedback from all neighbors. While we don’t intend to
> micromanage the market owners, whomever they end up being, we do intend to
> solicit feedback from the community in determining what sort of retail
> market we should choose to occupy the space. The goal is to select a
> retailer that can not only revitalize the space (perhaps add a coffee and
> prepared food section) but also maintain the simplicity of a corner market
> by continuing to sell basic sundries such as toilet paper and food
> essentials. Please feel free to submit any thoughts to
> SaveMottsMarket at gmail.com and stay tuned for a more formal comment form
> on our website if/when the purchase is successful.
>
>
>
> *Will the new store still sell beer and wine?*
>
> We hope so! But again, this is TBD.
>
>
>
> *If Mott's couldn't survive, what makes you think a new market would?*
>
> In addition to preserving the corner market, we also intend to revitalize
> the space and select a retailer that can expand the offerings. We intend to
> select a retailer that could provide some prepared food, coffee, and baked
> goods alongside the corner store staples. Our research indicates that this
> will allow for a higher profit-margin.
>
>
> *Have more questions?*
>
> There are many questions that simply don't have answers yet, but we will
> try to address questions as they pop up. We welcome you to submit questions
> to SaveMottsMarket at gmail.com and join us for our nightly virtual
> meetings. Don't be shy, all are welcome.
>
> --
> Kind regards,
>
> *Jordan Ashley LaCrosse*
> (239)272-4343
> jordan.a.lacrosse at gmail.com <jalacros at gmail.com>
> _______________________________________________
> LincolnParkDC mailing list
>
> To post to the list address your message to:
> LincolnParkDC at lincolnparkdc.info
> When replying, please consider whether to reply to the sender only, or to
> the list, which is the default.
> Not all replies are appropriate for the entire list.
>
> Please do not send administrative requests to the list. Please click on
> the following link to
> switch to digest mode, change your password, or otherwise manage your
> subscription:
> https://vps.woteki.com/mailman/listinfo/lincolnparkdc_lincolnparkdc.info
>
> If you need assistance managing your subscription, please address your
> request to: towncrier at lincolnparkdc.info
> Please do not address assistance requests to the list. Thank you for your
> cooperation.
>
> _______________________________________________
> LincolnParkDC mailing list
>
> To post to the list address your message to:
> LincolnParkDC at lincolnparkdc.info
> When replying, please consider whether to reply to the sender only, or to
> the list, which is the default.
> Not all replies are appropriate for the entire list.
>
> Please do not send administrative requests to the list. Please click on
> the following link to
> switch to digest mode, change your password, or otherwise manage your
> subscription:
> https://vps.woteki.com/mailman/listinfo/lincolnparkdc_lincolnparkdc.info
>
> If you need assistance managing your subscription, please address your
> request to: towncrier at lincolnparkdc.info
> Please do not address assistance requests to the list. Thank you for your
> cooperation.
>
-- 
*Cricket (Christina) Fuller*
*774-249-0405*
*Twitter: @CricketFuller <https://twitter.com/CricketFuller>*
*www.linkedin.com/in/cricketfuller*
<http://www.linkedin.com/in/cricketfuller>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lincolnparkdc.info/pipermail/lincolnparkdc_lincolnparkdc.info/attachments/20220406/242fe9ca/attachment.htm>