Cincinnati.Com
NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help
Currently:
72°F
Sunny
Weather | Traffic
The Enquirer
HOME
NEWS
ENTERTAINMENT
SPORTS
REDS
BENGALS
LOCAL GUIDE
MULTIMEDIA
ARCHIVES
SEARCH
 
 TODAY'S ENQUIRER 
 Front Page 
-- Local News 
 Sports 
 Business 
 Editorials 
 Tempo 
 Home Style 
 Travel 
 Health 
 Technology 
 Weather 
 Back Issues 
 Search 
 Subscribe 

 SPORTS 
 Bearcats 
 Bengals 
 High School 
 Reds 
 Xavier 

 VIEWPOINTS 
 Jim Borgman 
 Columnists 
 Readers' views 

 ENTERTAINMENT 
 Movies 
 Dining 
 Horoscopes 
 Lottery Results 
 Local Events 
 Video Games 

 CINCINNATI.COM 
 Giveaways 
 Maps/Directions 
 Send an E-Postcard 
 Coupons 
 Visitor's Guide 

 CLASSIFIEDS 
 Jobs 
 Cars 
 Homes 
 Obituaries 
 General 
 Place an ad 

 HELP 
 Feedback 
 Subscribe 
 Search 
 Newsroom Directory 




 
Wednesday, May 19, 2004

Tall Stacks owed big payment


Getting $232,000 for souvenir sales from defunct firm unlikely

By Sharon Coolidge
The Cincinnati Enquirer

A defunct local souvenir company was ordered Tuesday to pay the Greater Cincinnati Tall Stacks Commission $232,000 it owes the festival, but it's unlikely the commission will ever see the money.

The debt-ridden Tall Stacks Commission sued Pro Sports International, blaming it for its financial woes.

When company officials did not show up for court last week, Hamilton County Common Pleas Magistrate Richard Bernat ordered the payment.

But Forrest Fairley, owner of the company, filed for personal bankruptcy in March and the company has been shut down and has no value, Fairley's attorney, Robert Goering, said Tuesday.

The Tall Stacks festival in October drew a record crowd of 800,000 downtown. It did not make as much money as anticipated, in part because of Pro Sports International's failure to pay, said Tall Stacks attorney Leonard A. Weakley Jr.

"I'm anticipating it will be tough to get this," he said. "But we're going to pursue it."

The commission still owes the city about $248,000 for police and fire overtime. Tall Stacks has been placed on a payment plan, which should eliminate the debt by the end of 2005., said Bill Moller, the city's director of finance.

The commission lawsuit against Pro Sports International alleged that the souvenir company hadn't paid $50,000 in sponsorship fees or royalties from the sale of Tall Stacks T-shirts and other novelty items. The company sold merchandise through the Tall Stacks store at Tower Place Mall, on the Internet and at the event. The commission was supposed to get up to 20 percent of the profits on those sales. The commission estimates the loss, based on festival attendance and past souvenir sales, at more than $175,000.

Attorney Norman Slutsky, the trustee overseeing the bankruptcy filing, closed the case, saying there were no assets. However a U.S. District Court magistrate has not yet granted it.

Tuesday's order comes at a time when Tall Stacks is asking the city to help pay for a music festival it hopes to sponsor this summer. The group plans to meet in the coming days with Vice Mayor Alicia Reece.

But some members of City Council said they have reservations about giving money to a group that owes the city money.

"I'm not sure that's the direction we want to go as a city," Reece said. "Fiscally, I don't see how that would be very responsible."

Kevin Aldridge contributed to this report. E-mail scoolidge@enquirer.com




TOP STORIES
Summer air traffic to soar
Arts center hires veteran director
More police hitting streets
Tall Stacks owed big payment

KY. PRIMARY RESULTS
It'll be Davis vs. Clooney
Bunning, Mongiardo easily win U.S. Senate primaries
Three Covington City Council incumbents move forward
Twelve to vie for six Independence City Council seats
Roeding fights off challenge in 11th Senate District
Nurse wins 1st race for office
Keene wins in 67th District Democratic upset

IN THE TRISTATE
Bingo bill disagreements unlikely to be settled before summer recess
Former mayor a tireless civic gem
Study: 'Jury still out' on reforms
Broadnax denied erasure of record
Housing to join stores
Lakota wants resident input before acting on ballot issue
News briefs
Two mental health agencies consolidating operations
Neighborhood briefs
Panhandler law may end if not renewed today
City may streamline pit bull procedures
Church dismisses gay marriage ruling's appeal
Public safety briefs
Report suggests breaking promise on Fernald waste
Women told to ponder finances
Agency outreach questioned
Growing pains unabated

ENQUIRER COLUMNISTS
Little red wagon gets her to class
Crowley: Tough fight anticipated

LIVES REMEMBERED
Christine Davis, 96, pioneer soldier
Jane Gillespie, 68, corporate attorney, sailor

KENTUCKY STORIES
Firetrucks rush to wrong state
Gasoline may have caused sensor failures
25 hit the big one: $12.6M Lotto ticket
Ky. news briefs



 

Latest Headline News
Updated Every 30 Minutes
AP TOP HEADLINE NEWS

Iraqi Official: 150,000 Civilians Dead

Sen. Allen Concedes Defeat in Virginia

Bush, Pelosi Hold White House Talks

Massive Recall of Acetaminophen Underway

Mubarak Warns Against Hanging Saddam

Bolton Unlikely to Win Senate Approval

AP: Startling Findings in Tillman Probe

Ed Bradley of '60 Minutes' Dies at 65

U.S. Rises in Auto Reliability Ratings

49ers Look to Relocate New Stadium



Cincinnati.Com
Search our site by keyword:  
Search also: News | Jobs | Homes | Cars | Classifieds | Obits | Coupons | Events | Dining
Movies/DVDs | Video Games | Hotels | Golf | Visitor's Guide | Maps/Directions | Yellow Pages

  CINCINNATI.COM  |  NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help


Search | Questions/help | News tips | Letters to the editors | Subscribe
Newspaper advertising | Web advertising | Place a classified | Circulation

Copyright 1995-2007. The Cincinnati Enquirer, a Gannett Co. Inc. newspaper.
Use of this site signifies agreement to terms of service updated 12/19/2002.