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The Downfall of Circa.... (pg. 3)
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| Shaya007 |
| I find it funny that after all this, he's still able to raise $$$ for future business |
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| Prometheus Xex |
| quote: | Originally posted by Shaya007
I find it funny that after all this, he's still able to raise $$$ for future business |
It's bunny power! |
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| Shaya007 |
| quote: | Originally posted by Prometheus Xex
It's bunny power! |
lol!
or people are stupid! |
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| PurpleHaze |
great post Jay, thanks for the read!
| quote: | Originally posted by Big Boss
The Ballroom was such an underutilized room. What a perfect layout for DJ driven events. |
+100000
mirror ballroom was my favourite part of CiRCA...the vibe in that room at some parties was un touched in the main room ... layout, lights, sound, hardwood floor - big plus in my books
anyone remember the Tom Stephan party? that was hands down my most memorable set at CiRCA...:crazy: :crazy: insane party tunes
i have to admit i do miss some aspects of CiRCA - and it was truly one of a kind. i loved the changing themes which were present throughout the club! always gave it a unique feel
its a shame it tanked but some of the times i had there will always be rememberd! RIP |
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| VDub |
| quote: | Originally posted by HouseIsZen
Reading some of the posts, I think they are--they think the club on its own was its downfall (ie. Coxx's post). Whereas Playa24_7 is stating that if the baggage hadn't accompanied it (ie, bad credit, high interest) then the club would still be going strong today on its own merits. It's a good point. |
It's not only a good point, it's exactly what the article said, and I agree with it...
I think Coxx was just stating his opinion of the club itself. Not why it failed... |
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| activate |
| quote: | Originally posted by Playa24_7
Did anyone actually READ the entire thing? lol. People saying it was a complete flop and didn't make any money, blah blah.
It was almost at capacity many of the nights and would have been making 20% margins. The biggest problem was that Gatien had problems in the U.S. for tax problems before hand, he actually went to jail and was deported back here. To make this club happen he had to get some huge loans, and because of his background, instead of getting 5% interest on some loans like someone with a good credit background would get, he had 36% on the loans. The interest on the loans is what killed the club, after that it was just a domino effect with other bills and created a hole they couldn't possibly get out of. |
did you read it?
his partner the lawyer was the one who brought in investors.
banks don't charge rates that high.
prison for tax evasion, doesn't equal bad credit. |
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| Jay Leno |
| Derrick Carter + Danny Tenaglia @ Circa in 2009 still goes down as one of my favourite parties ever attended. |
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| Knox |
| quote: | Originally posted by PurpleHaze
anyone remember the Tom Stephan party? that was hands down my most memorable set at CiRCA...:crazy: :crazy: insane party tunes
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that was one fun night out!! :D
Many a good time there. Danny T, Carl, Calderone, Sanchez, Lawler, Tom Stephan.... It was a nice treat for Toronto for a while.
I started my Kid Robot collection because of CIRCA |
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| Ni-Cd |
| quote: | Originally posted by activate
prison for tax evasion, doesn't equal bad credit. |
That's true. But I bet the banks frown upon any thought of taking a risk on someone who has such a history...perhaps that's why the lawyer was brought in. Then again, the article does mention one RBC lone for quarter mill.... *shrug* details, details. |
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| WittyHandle |
| If you take out the international scandal and high profile figurehead, Stereo's story is more interesting. |
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| urmusicgigi |
| Miss Circa, definitely had some great nights there |
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| bcope |
| quote: | If you take out the international scandal and high profile figurehead, Stereo's story is more interesting.
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stereo has had plenty of high profile figureheads and also plenty of international scandal
;) |
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