CINCINNATI, OH (FOX19) - Local restaurateur Liz Rogers is now facing a lawsuit from the City of Cincinnati, tied to her restaurant Mahogany's which eventually closed at the Banks.
The City is suing Rogers for just under $110,000 for loans and fines that she hasn't paid back.
It took four months into a renegotiated taxpayer-backed loan deal for Liz and Trent Rogers to miss the first payment on the $100,000 loan, city loan records show.
The original deal, signed in 2012, handed the Rogers $674,000 in a grant to design and build Mahogany's. The city lent another $300,000 to the Rogers to purchase furniture, fixtures and equipment. The 2012 agreement allowed the city to foreclose on the Rogers if they defaulted on the loan, but the city admitted to FOX19 NOW it never took action to collect those tax dollars after the loan fell several months behind in payments.
The original agreement also required the Rogers to repay the $674,000 grant for the project, added to the $300,000 secured loan, the agreement states.
The February 2016 payment was due Feb. 1, 2016, but the city's accounting shows that payment wasn't made until Feb. 16—15 days late. The city received no payment for March or April, records provided to FOX19 NOW show.
Those letters made no mention of default, which is a legal course of action the city could take to take collateral the Rogers put up in case they did not uphold their terms of the agreement.