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Does The Owner Of 515 Alive Owe $250K To A Cedar Rapids Newbo Venue Project?

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In what should have been apart of the story in a past KCRG report, the current owner of “Die.Inc” doing business as ‘515 Alive Music Festival’, Rajan Devan, was also apart of a venue project in the Newbo Market in Cedar Rapids in the year of 2016, he in fact signed a “Personal Guarantee” (See Below) that stated he was liable for two five year lease agreements on the building (See Below), along with Jordan Farley, starting in January of 2017.

Proof of Liability of the Lease

Non-Payment Notice Lease Agreement 2025 by Jordan Farley on Scribd

Document Audit / Proof of Signature

Personal Guarantee & Lease Documents

Guaranty of Lease 2025 Development by Jordan Farley on Scribd

Lease Agreement 2025 Development by Jordan Farley on Scribd

After a fall out among the original business group, the project was dropped, however 2025 Corporation, the owners of the building, sent a statement (See Above) that states those who signed the ‘Personal Guarantee’ could owe rent monthly ($14,000 Minimum Monthly Rent) until it is leased out, more could also be applicable depending on what 2025 decides to throw in per lease and personal guarantee.

Jordan Farley has taken legal remedies to remove himself from the Personal Guarantee and Lease and is not liable for any of the Documents shown. We are not sure if Rajan has done the same.

At this point by the documents presented, the potential outcome could be: | $14,000 X 20 (Months) = $280,000 + $14,000 (Every Month Until It’s Leased Out) could be owed.

Overall this is only but one tidbit of a larger story however but an important question to ask as someone’s reputation was destroyed without consideration for who else was at fault in the project.

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Iowa

Cedar Rapids Tax Payers Foot Half A Million Dollars Bill For ‘Newbo Evolve’ Music Festival

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When you think of taxes and the services they supply, the first thoughts that come to mind are roads, police, fire-fighters, snow plow. Some even think of things in more progressive terms such as healthcare, college education, and market places where the average person could potentially be helped.

What you don’t usually think of is a Music Festival with Maroon 5 & Kelly Clarkson that Cedar Rapids Tax Dollars are going to support, $500,000 to be exact.

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Iowa

Blexit / WalkAway: Majority of Non-White Voters Plan To Vote Republican in Iowa’s 1st District According to NYT Poll

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In what seems to be a testament against a “blue wave”, according to a NYT poll taken back in September, it shows that 45% of non-white participants, the majority, plan to vote Republican. With 42% voting Democrat are 13% undecided. Non-white people were 7% of those polled entirely.

What also is interesting is it shows 52% white people voting Democrat, with 37% voting Republican, and 11% Undecided. Showing a higher rate of non white people voting for Republicans than white people.

Now overall this poll also showed Abby trouncing Blum, and while we disagree with the polling numbers to that extent because it seems that they may have over sampled Democrats, although we can’t tell because the poll data does not show party affiliation.

No matter how you frame it, it shows the media’s race baiting narrative hasn’t worked in Iowa’s first district as much as they hoped and non white people are a powerful force within the Republican party.

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Arts

Some 515 Alive Patrons Feeling ‘Scammed’ After Late Changes, Civil Suit Being Considered By Lawyer

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