Change of Plans for the NOFC

Dear Founding Member,

The President of the Board of Directors calls for a meeting of the
Members of the New Orleans Food Cooperative on Wednesday, Sept. 3, at
7pm, at the Holy Angels Church cafeteria, located 3500 St Claude St, at
Gallier St. All Founding Members are requested to please attend.

The purpose of the meeting is to inform the membership of recent changes
in the plans of the Co-op to open a cooperative grocery in the former
Universal Furniture building at St. Roch and St. Claude. Those changes
are outlined in the attached joint statement of the NOFC and the New
Orleans Healing Center.

The media and general public will be notified in due course via
established channels of public communication; please consider this
invitation to be an internal announcement to our Members. At this time
the Co-op must rely on the thoughts, ideas, and concerns of its members
in deciding on a direction for the immediate future.

Please plan to attend on the third of September as we come together as a
membership to affirm common guidelines for seeking a new site, to learn
about and possibly join the recently established Site Search Committee,
and to continue to contribute to the development of our community-owned
and member-directed cooperative grocery in New Orleans.

Sincerely,

Budd Hirons, Jr.
Secretary, NOFC Board of Directors

========= joint statement on changes: ==================

Between November of 2007 and July of 2008, the New Orleans Food Co-op
planned to have its site within the New Orleans Healing Center, which is
to be located in the old Universal Furniture building at St Claude and
St Roch. The Healing Center is an ambitious project that will cost an
estimated $12 million; the Co-op will require $1.54 million to open.
Both the Healing Center and the Co-op have been searching for the
financial combination that will allow each to open, but economic
strategies pursued over the winter and early spring proved to be
problematic: state and city funding for the Healing Center have been
delayed; while the Co-op will need more monies than it had previously
planned. These intertwined economic realities began to threaten the
survival of both projects, a fact all parties have reluctantly come to face.

Because both projects are extremely important to the sustainable future
of New Orleans, the NOFC and the Healing Center have agreed to explore
other options. The NOFC is looking for a different site within the
70117 zip, and the Healing Center is looking for a different grocery
tenant. If funding and other issues could be resolved, the sites might
come back together again, but currently the Co-op is seeking another
site, which will allow it to pursue its goals with fewer uncertainties
about the overall site development, and without the competing interest
of the Healing Center’s need for funding.

Pres Kabacoff, who is spearheading the Healing Center project, pledged
to assist the NOFC to obtain public financial support. He expressed his
well wishes as both a developer and as a Founding Member of the Co-op:
“The New Orleans Food Co-op is a crucial project in the rebuilding of
New Orleans, and the group’s diligence in their business planning is
sound. I look forward to the opening of the store.”

================= end joint statement ==============

Board of Directors Meeting

September 16, 2008
6:30 pmto8:30 pm

The next meeting of the New Orleans Food Co-op Board of Directors will be Tuesday, 9/16/08 at 6:00 pm in the NOFC office, 621B N. Rendon Street. That’s in the Mid City neighborhood.

Any member is welcome to attend.


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