I read about the Cedar Rapids City Council voting to spend $1.5 million to buy Knutson Metal Co. (“Salvage yard buy clears space near amphitheater,” Oct. 24).
How interesting, the property is valued at $136,897, but the purchase price is $1.5 million; as our mayor states: “a financial consideration because the purchase is prompting Thomas Knutson to close the business.”
I lost my business because of the 2008 flood. I was left with no business, no income, and more than $100,000 lost in supplies, furnishings and equipment. The county owned the property, for which I paid rent and the taxes, so they received the money from FEMA for the building loss. I received a few months of emergency food stamps and unemployment assistance from FEMA, for which I am grateful. I received no help from the city or the county to clean, no help to get started again, no help for the bills that still had to be paid. I have two children and a one-income household, so I did what I had to do, I found an income!
More than four years later, I’m working three jobs to keep my head above water and still paying the bills I owed for the business that I had to close. When you are a business owner, there are no guarantees. However, I have to wonder, where is my “financial consideration” for the closing of my business?
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