Connect with us

Iowa

Does The Owner Of 515 Alive Music Festival Owe $250,000 + To A Cedar Rapids Newbo Venue Project?

Published

on

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.

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Culture

Fear & Loathing in Iowa: Are The Cedar Rapids NewBo Tech Elite, GO Cedar Rapids, KCRG / Gazette Running Amuck Maybe Sabotaging Jordan Farley?

Published

on

Around May 20th, 2017, KCRG-TV 9 News, a CNN & ABC network and “local” news station, released a story on Jordan Farley, which seemed to represent a premise in which Jordan was some sort of wild-west bandit attempting to screw over any and all willing people. The Gazette, who is owned by KCRG, also put out a similar story. Mind you, these were the only two news station that reported on this story, most likely because of the missing facts.

What happens when you dig deeper, is what seems to be a coordinated, planned, and downright blatant attempt to ruin someone’s reputation while not thoroughly investigating or purposely omitting facts from a story to portray it in a specific light.

Jordan Farley moved back to Cedar Rapids to do a couple things. Start a new life, run a venue, and do a music festival tied to the venue in the NewBo District. He had shared these ideas all of the business owners involved as well as many of the people in NewBo District, even Go Cedar Rapids who at the time was planning their Newbo Evolve music festival.

Jordan Farley had presented multiple similar ideas before their festival with budgets 10X less and were partially free and locally organized with local vendors. Some things that were told to Jordan that could not be done by the city, were done for Go Cedar Rapids, which ended up losing millions of dollars and closing up shop, even with it projected to lose money initially.

His hunch is they stole his idea but extorted the city of money, all in the name of being trendy and elitist.

KCRG & Gazette Botch The Story

To fully explain what KCRG and the Gazette left out and decided not to investigate, we have to look at what they didn’t report on, mostly the fact that there was a second person leasing the property and was business partners with Jordan Farley, the owner of 515 Alive: Rajan Devan, someone who was the only investor on the project at the time. Jordan was simply a General Operations Manager, as was publicly stated on his Facebook Page. Documents for all related info in article linked above. Raj had left the project and decided to leave Jordan with the burden of dealing with new investors, an almost impossible task. Raj still denies he owes anything, a denial of what 2025 Corporation has stated he owes.

Another fact that was left out is that each and every person besides Joe, had signed a contract, one that had saved Jordan from all potential downsides, specifically called an ‘Indemnification Clause’. While the Gazette mentioned agreements, they did not mention the content at all.

Booking Agreement (Mock Up) by on Scribd

They also didn’t mention Joe was working not only in the NewBo Market but in the venue itself, he knew the condition of the building when he decided to do the deposit and over the 4 months of negotiation never wanted anything but 100% repayment all at once, many different repayment options were offered. Communications were never ceased by Jordan Farley, Joe’s lawyer and him simply decided to stop negotiating and go to the press maybe get publicity for the lawyer’s Law Firm , which was mentioned several times in both publications as well as the other venue, A Touch Of Class. Did they have to be mentioned?

Joe refused anything but a full refund all at once with no paperwork, but Joe had no paperwork signed to guarantee any of this in a specific format in the first place, Jordan simply wanted both parties to have something in writing.

KCRG then made several edits a year after the article had been out that removed their video as well as Jordan Farley’s response via voicemail. We have saved both for you to view and listen below as well as an example that most of the renters signed.

One other huge factor is that Samantha Meyers, the reporter who did the story, left the network and the state exactly a year to date after the story came out.

Starting to come together?

The Connections Explained

Before we explain the direct connections, we need to make you aware that 2025 Corporation, at the time, had four owners. Dennis Henderson, Bruce, Joe Ahman, and one other.

Joe Ahman, Owner of Ahman Design and Construction & Pivot Real Estate, two companies that seemed to just become million dollar companies overnight, have several projects that are subsidized by the city, state, and local “development” groups, such as the “NewBo Development Group”, where they have built property using grants outside the official NewBo market, sometimes miles away. How they get away with it we don’t know. The local media will not question this but simply announce day after day Ahman’s next big project for rentals that gentrify beautiful grassy areas and forests.

Pivot Real Estate also did work with the law firm mentioned in the article and video as well as GO Cedar Rapids’s ex-CEO who gave them a very good reference.

It is very proudly listed even on Pivot’s Real Estate Website as one of their clients.

Dennis Henderson, who owns and runs a company that sells Government subsidized services and devices from “Lifeline“, a program started under Bush and expanded under Obama, programs that has also had multiple issue with fraud and abuse as well as secret private funds that were hidden from tax payers. Dennis’s companies has also worked on that devices that would hypothetically allow the company to see if they have been texting, something that should alarm privacy advocates and defenders of our rights.

Dennis had two stories written about his spouse, one just a month after the May 20th story on Jordan on KCRG, showing an obvious connection. Ironically this story was about her business workshop in the same business district for “struggling business owners”, except one catch, it was for “only females”. The next story was done in the fall of the same year, on her birthday, espousing her good deeds with her mostly Facebook promoted “African Charities“.

Starting to see the bigger picture?

Dennis, along with Bruce, were investors in Steven Gray’s Casino project, which has been a long time goal for the Cedar Rapids elite and venture capitalists, despite being built in a flood zone with the nearest flood wall project being years away from being complete. This casino project was vastly propagated by KCRG with many stories. The voters ultimately rejected the casino.

KCRG has refused to remove the “allegedly defrauded” part on their article despite Jordan not being charged with fraud or at all follow up on any of the complaints we’ve raised so we created this article to raise awareness and show KCRG’s clear lack of self awareness and professionalism and how they deflect important issues while not concentrating on the real corruption in the city.

Continue Reading

Firearms

More Gun Control Is Not The Answer

Published

on

By

As an American college student I am a member of the most diverse and technologically advanced generation in the history of the world, and that is pretty cool. As a conservative millennial I feel my voice is often not heard.

I believe screaming for more “gun control” is not the answer. I want politicians on both sides of the aisle to stand up and admit the government failed on all levels during the Parkland shooting.

I am thankful U.S. Rep. Rod Blum had the strength to admit the federal and local governments failed. There was no oversight, and that needs to be addressed. I understand the need and want to feel safe at my school, but the cyclical narrative of disarming innocent civilians is not the answer. It is not only unconstitutional, but it won’t solve the problem. Bad guys who want to do harm will find a way to make it happen. It is intellectually dishonest to attack the weapon and not the criminal.

I have made the conscious decision to not walk out of school to make my voice heard, but to walk up to students who are having a hard time and be a positive impact.

It is time we enforce laws already on the books and increase public safety by updating state compliance when it comes to background checks.

Continue Reading

Iowa

Place Term Limits On Legislative Branch

Published

on

By

The founding fathers did not intend for our elected officials to make careers out of public office. We have term limits for our President and for good reason; we should apply those same principles to the Legislative Branch. There are politicians that have been in office longer than Ive been alive.

Congressman Rod Blum established the first ever Term Limits Caucus in Congress and the support from other members to bring a vote to the floor to term limit themselves is disgracefully unpopular. If members aren’t willing to stand up next to Congressman Blum and put an end to Congressional jobs for life, we ought to vote them out.

Continue Reading

Trending

Donate to Populist Wire

*Note: Every donation is greatly appreciated, regardless of the amount.