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NumbersCentral: Who owes money to the IDA?

Here at SouthsideCentral, we like to answer our readers’ questions.

We were asked about Danville’s Industrial Development Authority and the various accounts receivable that they have. Here’s the aging summary for you.

These numbers are as of November 30, 2014…

So, what can we learn from this? Big Board, please!

  • GOK, Hybrid Vehicles & Macerata Wheels are Busts. Those links will tell you that WE CALLED IT!
  • LifeBatt paid $5,000 after this report was generated so they’re close to paying off their old debt. At the recent IDA meeting, Finance Director Michael Adkins said that payment was enough to get a continuance is their litigation.
  • 123 N. Union St. is an empty storefront building that has a “Drastic Designs” sign on it. The last time I remember it being used was 3 years ago by Seward Anderson’s campaign in the race against Danny Marshall.
  • Everybody else pays their bills on time according to this aging summary.
  • This summary is for “active” accounts. Things like Joan Daniel’s payments on her “The Attic Hound” loan aren’t included here.

And there you go. We’ve got more coming up on SouthsideCentral!

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