CINCINNATI, OH (FOX19) - The Cincinnati City Council Budget and Finance Committee will be talking about Mahogany's and a proposal from restaurant owner Liz Rogers Wednesday.
The entire council is talking about ways to protect taxpayer investment following the restaurant's recent closure.
At last check, the city is saying 'no' the Liz Rogers bail out deal.
In the proposed deal, Rogers asked the city to forgive her $35,000 debt on the city's $300,000 taxpayer loan in exchange for her promising she won't sue.
So far, there has been no formal vote on forgiving the loan.
[Related: City rejects deal from Mahogany's owner]
Under this proposal, the city will get the profits from selling the restaurant's furniture, estimated to be valued at $12,000. Rogers would then open another restaurant within the city limits, with a different name.
That furniture was paid for with taxpayer dollars as well.
Rogers is also behind on rent, owing $22,000.
Mahogany's at the Banks closed earlier this month.
Supporters of Liz Rogers are expected to show up at the council meeting. They say she should be treated like every other business owner in the city, saying she created over 200 jobs for the region.