There is a light at the end of the tunnel for the debt-saddled Hyde Park Co-Op. The Co-Op web site proudly proclaims a total of $26,245 (as of December 1st) has been pledged by members to defray the debt. "We have been surprised at the support the neigborhood has shown us," reported maverick board member Jim Too-Tall Tail. "The pledges we have received so far top our total store revenue for November."
When asked by this Herald reporter why neighbors should support the dying Establishment institution, Mr. Tail responded "People give back in proportion to the contributions that the Co-Op has made to our community."
"The Co-Op's contributions to our community are intangibles that can't be measured by action but must be considered an ethos," added Mr. Tail.
The prospects for the success of the pledge drive are bright, according to Mr. Tail. "At this rate, we may reach $50,000 by the bankruptcy deadline of December 14th. Only the failed 'Save the Point' campaign has raised more money in our community than our drive."
"We hope this signals a return to the hey-day of community activism. Members of our community are putting narrow concerns for their own welfare behind them and reaching out in the cooperative spirit to ensure that we are all worse off."
Tale of the Tape
1.2 million back rent to U of C
2.3 million owed to suppliers
0.685 million 47th store debt
1.01 million owed to Certified
Total: 5.195 million
Pledged: .026 million
"We expect that the fund raising drive will finish successfully around the year 2100," Mr. Tail asserted. "We feel very strongly that there are many lenders who will jump at the opportunity to extend us credit on the strength of this pledge cashflow."
In the past, my Herald's Chicken posts have been commentaries on or parodies of Herald coverage. However, the penchant for NIMBY points of view by Herald reporters and editors allows me to predict future Herald coverage. It is particularly easy to presage Herald articles as most articles do not involve any news content.