The Banks sues I Love This Bar & Grill owner Capri Concepts - KLTV.com - Tyler, Longview, Jacksonville |ETX News

SUIT: I Love This Bar hasn't paid rent since November

CINCINNATI, OH (FOX19) -

The owner of The Banks in Downtown Cincinnati is suing the owner of one of its restaurants.

According to a 250 page lawsuit filled in Hamilton County, the owner of Toby Keith's I Love This Bar and Grill is $231,980 behind on their rent, taxes and utilities.

I Love This Bar and Grill is owned and operated by Capri Concepts, LLC out of Scottsdale, Arizona.

The owners of the Banks alleged that Capri Concepts hasn't paid any of their $41,066 a month rent since November 2012.

The suit also alleges that Capri owes a host of late fees, back taxes and utilities for the 16,000 square foot building.

In our commitment to balanced news, FOX19 wanted to get the other side of the suit so we called Capri Concepts.

Their lawyer claims that they signed an exclusivity agreement with the Banks that promised no other bar or restaurant would have a similar concept.

On the 5th page of the lease agreement between The Banks and Capri Concepts, both parties agreed that I Love This Bar & Grill would be the only, "first class county music themed restaurant and lounge offering live music and serving a variety of food and beverages."

The lawyer says his client feels that some of the tenants at the Banks have similar offerings and that violates their arrangement.

According to the lawyer, Capri Concepts has the rent money in an escrow account but they are refusing to pay because they feel the Banks has violated their agreement.

The lawyer stated that his clients may countersue.

In a statement, The Banks assured that their loans from the city were in good standing.

Copyright 2013 WXIX. All rights reserved.

  • NewsMore>>

  • Dakar Burkes Memorial Car Show held in Louisiana

    Dakar Burkes Memorial Car Show held in Louisiana

    Saturday, May 19 2018 10:01 PM EDT2018-05-20 02:01:04 GMT
    The roar of high power engines and vintage classic automobiles were on display in one East Texas city, in an annual tribute to a young man, who was a homicide victim, who loved cars. The 9th annual Dakar Burkes memorial car show was held in Lakeport. Racers came in from thunder road Louisiana, as well as collectors from all over the state, to be part of the memorial car show. "They called us, invited us to this event, the cars behind us they run at that track so we brought the...More >>
    The roar of high power engines and vintage classic automobiles were on display in one East Texas city, in an annual tribute to a young man, who was a homicide victim, who loved cars. The 9th annual Dakar Burkes memorial car show was held in Lakeport. Racers came in from thunder road Louisiana, as well as collectors from all over the state, to be part of the memorial car show. "They called us, invited us to this event, the cars behind us they run at that track so we brought the...More >>
  • One person confirmed dead after fatal wreck on Highway 11

    One person confirmed dead after fatal wreck on Highway 11

    Saturday, May 19 2018 9:10 PM EDT2018-05-20 01:10:03 GMT

    One person was killed in a fatal crash in Hopkins County Saturday morning.

    More >>

    One person was killed in a fatal crash in Hopkins County Saturday morning.

    More >>
  • No injuries in late night Smith County house fire

    No injuries in late night Smith County house fire

    Saturday, May 19 2018 6:59 PM EDT2018-05-19 22:59:31 GMT
    (Source: KLTV News Staff)(Source: KLTV News Staff)

    Several fire departments are on scene where a large fire is burning near the toll road.

    More >>

    Several fire departments are on scene where a large fire is burning near the toll road.

    More >>
Powered by Frankly