The city of Columbus has reached a monetary settlement releasing the former owners of Jordy McTaggart’s Grill & Pub from the remainder of a 10-year lease at The Commons.
The Columbus Redevelopment Commission accepted the settlement Tuesday, which calls for Tim Rohrer and Dave Baker, principal shareholders in Jordy’s Inc., to pay a $48,000 settlement to the city to release them from their personal guarantee to fulfill the Jordy’s 10-year lease at The Commons.
Rohrer and Baker sold their interest and stock to Mark and Richard Wilcox, who closed the restaurant in January.
Redevelopment attorney Stan Gamso said the agreement covers nearly all the $55,000 that would have been owed for back rent, property taxes and other expenses when Jordy’s closed in January.
However, Rohrer and Baker brought a new tenant to the city, Luciana’s Mexican Restaurant and Cantina, which is expected to open in early September, which was another factor leading to the agreement. Luciana’s is picking up the remaining seven years on the Jordy’s lease.
For more on this story, see Wednesday’s Republic.