Update on Scheele’s

Scheele's Update

Yesterday, Mike Peabody sent around an update on his group’s efforts to save Scheele’s market:

As you may know, Marilyn Melkonian, Peter Jost and myself, assisted by Eric Rome (attorney) have been in negotiation with Marc Teren to continue the operation of the store for the next 25 years.

We are inches apart still in the wording of the agreement and hope to have it signed shortly.  It is discussed more fully in the attachment.

Once executed we must raise $75,000 prior to the closing to complete the agreement and we will be seeking pledges from you and others in the community who wish the store to be saved.  We have pledges in hand for some $25,000 from persons close to the transaction.

Hope to have a clearer picture soon.

Mike Peabody

Could a good old fashion Palio be in order?

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