Acadiana Business November 15, 2013 : Page 1
Cox’s Julie Dronet chairs chamber in 2014 P. 4 November 15 -December 15, 2013   �a;�d;�c;�a;�c;�c;�b; News & Analysis on Commerce in South Louisiana Whitney’s Duayne Richard named regional president P. 7 www.acadianabusiness.com Mais Oui ....................... 3 Turk File ....................... 4 Around Town .............. 10 LEDA .......................... 17 Investing ..................... 21 IND Events .................. 34 Politics & Government ...36 Business of Politics ..... 40 People & Flashes ........ 43 Commercial Progress Report .......... 45 ABiz Scene ................. 47 Inforum ....................... 50 INSIDE Moreno’s Green Field Files for Bankruptcy High-ﬂ ying Lafayette businessman’s fracturing company hopes to reorganize hundreds of millions in debt. By Leslie Turk Cash Flow Stutes campaign raises $160k in two months. By Walter Pierce and Leslie Turk T Just the Facts: Meet Legislative Auditor Daryl Purpera P 36 H e is known to be quite the salesman — but whether he delivers on those promises is a different story entirely. In October 2011 Mike Moreno told ABiz he was living in Dallas temporarily to raise $300 million for Green Field Energy Services, a company that was providing hydraulic fracturing services to the oil and gas industry. (The main purpose of Moreno’s call was to deny an ABiz story indicating he was no longer involved in the day-to-day operations of Moreno Group.) Like he’s done many times before, the SEE MORENO ON PG. 14 he push to unseat District Attorney Mike Harson next year is moving full steam ahead, with the Keith Stutes campaign announcing at a Nov. 6 fundraising fête night that it has raised more than $160,000. That’s quite a pace considering the former longtime assistant district attorney didn’t officially announce his can-didacy until early September — a SEE CASH FLOW ON PG. 12 Photo by Robin May This month’s focus: INVESTING P 21 Mellow Mushroom Takes Over Old Bako’s Before you go off on this “cursed corner” on Johnston and Doucet, think about why its previous concepts failed. By Leslie Turk AROUND TOWN: Rouses heads to Johnston Street Drug Emporium readies for Whole Foods T THE LAST WORD: Ambassador Crossing’s tenant mix clear as mud odd Moffatt and Billy Maisano had hoped to eventu-ally expand Mellow Mushroom to Lafayette — in part to reconnect with their UL college crowd of the late ’80s/early ’90s— but they were looking in a different market when they contacted Ryan Pécot of Stirling Properties for help finding a site. He quickly convinced the franchisees, who already have stores in Covington and Metairie, that Lafayette Mellow Mushroom franchisees Todd Moffatt and Billy Maisano will introduce the funky pizzeria concept to Lafayette early next year. is where they need to be. Pécot had a few locations in mind, but he kept being drawn back to that vacant burnt umber building at Johnston Street Just think about it: Toucan’s (Bobby Silor), Bootie’s (need and Doucet Road — yeah, you know the one. Nothing’s worked I say more?), Serranos Salsa Company (spent way too much there so far, but like many of his real estate peers, the Stirling money to ever make it, and management of local operation left rep knows the right concept will. a lot to be desired), Bako’s (don’t ever go into business to seek As expected, Maisano and Moffatt immediately wanted to revenge on your former employer; it won’t work). know if the site was “cursed” (c’mon, they’re both New Orleans SEE MUSHROOM ON PG. 10 natives), Pécot recalls, but he was able to assure them it’s not.
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