WICHITA — There’s been a lot of positive news in Delano over the previous week or two, with several new businesses coming, but there’s one business that may not open as planned.
Sierra McRae and her fiance, Zackary Roach, still hope to open Belmont's Bar & Arcade at 728 W. Douglas in the former Strings Attached space, but they’re having trouble with financing.
McRae says they’re “basically trying to get creative.”
“All of the banks are on lock down right now,” she says. “We’ve obviously been moving from Plan A, which was the banks.”
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She has investors who are willing to help her buy the property, but they won’t do it until they have a guarantee that she has other investors for the business.
“They don’t want to get stuck with a building without a business to put into it,” McRae says.
She expects to have a decision within a few weeks. McRae says if everything doesn’t come together soon, she may have to put plans for Belmont’s on hold for a year until the economy gets better.
“It really is too bad.”