Juke Joint facing stiff bill as property value skyrockets
Posted Jan 20, 2015 7:19 am.
This article is more than 5 years old.
The owner of a popular music bar has received a big tax shock.
The property value of Mikey’s Juke Joint in Sunalta has shot up by 70 per cent: it’s now valued at $2.2 million.
For Owner Mike Clark, that means an extra $1200-$1400 per month on top of rent.
Clark tells City News, they’ll have to really tighten their belts.
“Restaurant pubs are a pretty small margin and we just see that with being a live music club, our margin is a bit smaller so that’s going to be a pretty big hit,” he said.
Clark says he doesn’t have plans to close, but it will be in wait and see mode.
“Maybe we can some find some ways to cut our cost a little bit here. We’re gonna give it a good go for sure, but we won’t know until we get there,” he said.
