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Is $1.5 million a typical start-up cost of a restaurant in CA, or had these guys perhaps overextended themselves?
Just at first glance, the hotel he stayed at in Fort Bragg seems like a kind of 'get away from it all place'. For someone seeking solitude and quiet, rather than gambling or nightlife? They welcome pets - is there a missing dog in this case too?
http://www.surfsandlodge.com/
According to another local restaurant owner their loan was for pennies on the dollar. It sounds more like the downtown development group overextended themselves with this "private" business matter using "loaned" city (taxpayer) dollars. The fact that Mr. Pease's business partner is so very quiet makes me think it's about finances. I wonder if anybody has checked any airports for the car.
The report, which was filed by a reported associate of Pease, indicates Pease was last seen at Wynn Hotel in Las Vegas on October 28. The report also states Pease had been tracked to Vancouver, Canada.
So hopefully the rental car is either in a parking garage or in a remote area without OnStar service. That means Stephen isn't using that car to travel thru any kind of towns with service. Here's an OnStar coverage map. There are a lot of areas of limited service along the west coast.
https://www.onstar.com/web/portal/coveragemap?g=1
Oh wow. A $1.5 million loan to start the business, with repayments due to start June, after an 18 month grace period. I wonder how much they were per month?
And that was from a community pot of just $5 million, with the whole area pinning their hopes of regeneration starting, on this particular restaurant. Huge fanfare. There is a business partner who declined to comment, it's not sole ownership. No pressure there then.
Most business fail in the first 12 months, on average. Those that survive, generally don't turn a profit. I wonder if the accounts are up to date and submitted on time? I would have thought if a business was doing okay, a person would be able to keep up their house repayments.
Is Roseville, CA the same city where Susan went missing, or am I reading too many threads?
Oh wow... I just figured out why Steve looks so familiar. My Dad was in commercial real estate for many many years, and from some further digging around online I found that Steve has been as well. I don't know that I've ever talked to him but I'm fairly certain my Dad knows him or at least of him, and I've probably seen him in event photos.
Also found one more article that might be relevant: http://www.bizjournals.com/sacramento/news/2013/11/12/sammys-rockin-island-closes-roseville.html.
Friends and family of Pease say there has been very little trace of him. He is said to have sold his Jaguar, and headed to Fort Bragg in a rental.
Do any of you actually know Steve? I don't think you do, because if you did you would know that his divorce was not a recent event, that he and ex wife Tina are still very good friends and business partners, and that his selling the Jag was no big deal. I know Steve. He traded an ASTIN MARTIN for that Jaguar - and when I asked him about it he said it was time for something new. This was in addition to the Range Rover and Porsche he had sitting in his garage in Roseville. If he needed to 'clear his head' he would not go to Fort Bragg - he would go to his cabin in Tahoe. I never knew him to drive from Portland to Roseville for any reason - least of all in a CHEVY. It is quite out of character for him to not respond to calls or emails of friends - as well as not pay his employees.
Have they checked his passport? He is a frequent visitor of Croatia...