The following is a rhetorical question and requires no response from inhabitors of the Comments Section…
Like they give a darn about what I think, but here goes.
In what amounts to another confusing turn of events, it appears that American Century has green-lighted its leasing agents to open the bidding for the closed-since-last fall jazz club known as Jardine’s.
Giving the appearance that the dudes who leapt into the media spotlight last fall – Messrs. Robert McCain and Joseph FulgenzI – have failed to do what they reportedly told the Pitch and Fox 4 three months back; that they’d they secured and finalized a deal to buy the fabled Plaza area jazz club.
According to Jardine’s suitor Paul Wilson the leasing agent for Jardine’s space got the "first proactive call" from leasing agent Scott Padon late last week, saying, "He just got (the) green light from the attorneys to market the space."
Prior to that Wilson was having a hard time getting any answers from the landlord’s reps, who according to several sources had done its due diligence on McCain and Fulgenzi’s "backers" and were hoping to see the sale of the business and other details with beleaguered Jardine’s owner Beena Raja and founder Greg Halstead.
You may recall that McCain and Fulgenzi made Raja’s $1,200 monthly January payment on Raja’s note to Halstead in order to keep their buying game afoot. However they – along with Raja – missed the February and March payments, appearing to give Halstead the right to foreclose on Raja’s note and to sell off the remaining physical assets of Jardine’s.
However several sources say that as late as last week McCain and Fulgenzi continued to try and work something out with Raja’s attorney.
Raja and McCain could not be reached for this column and Halstead declined to comment.
So what’s next?
"I have no idea," says former Jardine’s co-owner Pat Hanrahan, who has been in ongoing discussions with McCain, Raja and Halstead. Discussions that seemed to indicate that once a deal was struck Hanrahan would help manage and/or operate the new Jardine’s.
"I know Paul Wilson is still interested," Hanrahan says. "And I know other people are still interested."
Including McCain and Fulgenzi?
"From what I hear yes," Hanrahan says. "But I haven’t talked to them (lately)."
Hanrahan’s best guess on the current status of the two dude’s efforts to procure Jardine’s:
"I think American Century got tired of waiting on them. I think everybody got tired of waiting on them. You know, they’d go weeks at a time without anybody being able to reach them. I’ve been trying to get ahold of them since last Monday and they haven’t returned my calls.
"And I know they had a long conversation with Beena’s attorney late last Monday afternoon. And I thought – and what most people thought – was that the attorneys were working out the wording for a final agreement."
And that’s the name of this weary tune…for now.