We’ve already told you about the new gay bar about to take over part of the old home of King Cobra and Sugar (among others). The Lobby Bar is going to have a convenient neighbor it appears. Convenient if you need a ‘payday loan’ at least.
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|Also coming soon to former King Cobra space: Money Tree
CRAP!
Payday loans should be illegal. The presence of these places is a good sign of a neighborhood that you do not want to live in…
For crying out loud. Why don’t we just complete the trifecta and have a used clothing store and asian restaurant here as well?
suppose that it’s consistent with having a petrol dispensary next door. Let’s get rid of both at the same time in a couple of years…
So lame…
MoneyTree is the new Starbucks.
…yet more evidence of gentrification as high-priced condos push out the residents that build the neighborhood character that attracts the yuppies.
What?
That’s dumb. There’s already a payday loans place that opened at Olive Way + Denny a few months ago. I’ve never seen anyone in it. I don’t know how these places think they can stay in business in Capitol Hill.
what. the. fuck!
nothing like keeping your money off the books!
The one on Broadway by the Caffe Vivace has been there the longest. The one where the 1524 shoe shop on Olive just opened, pissing me off royally. And now ANOTHER one?
The industry is horribly underregulated. They charge outrageous interest on “high risk” loans to people who need emergency cash… but I’m guessing they are making a ton of money, thus they can afford to keep opening stores. Ugh.
So Yuppies need more places to get short-term loans to make it from paycheck to paycheck? That makes no sense. The supposed residents you are claiming that are being pushed out are most likely the most in need of a Moneytree.
On a positive note, it is a locally based company so most people who read this blog should be happy with that. Everyone always claims they want to support local businesses (except Starbucks).
What’s wrong with used clothing stores and asian restaurants? Or is it the combination of the two that makes you racists and anti-recycling?
They rip-off the economically disadvantaged. Icky.
Ugh, it’s like a bad dream. Make it stop!
Capitol Hill is turning into…it’s either overpriced bars and restaurants and twee boutiques patronized by yuppies and east siders or boring, bland commercial shit like MoneyTrees, Quiznos, tanning salons and Kinkos.
I’m horrified to find myself agreeing with – but yeah, what’s wrong with used clothing stores and Asian restaurants? And, in reality, there aren’t that many used clothing stores left…in that neighborhood there’s only Value Village. As for Asian food, as long as it’s good, you can never have too much…and, I’d take another Asian restaurant over another damn yuppie American bistro with $10 drinks, horrid acoustics and bland, expensive food. 15th and Pike has gone from edgy to being an outpost of Bellevue in two short years.
I disagree. If the “economically disadvantaged” voluntarily use services of moneytree, their own darn fault for not saving and blowing money on alcohol, drugs, etc… they have only themselves to blame. Don’t shift the blame on an legitimate service. I’d say credit card companies and insurance companies are far worse.. charging hidden fees and denying valid claims. At least with moneytree, they tell you up front rather than sticking a knife in your back and taking your money with a smile.
A commercial, predatory business like Moneytree is a terrible fit for this neighborhood. Makes no sense. I hope they’re short-lived.
Oh, this is rich. So now I’m a racist anti recycling clothing person? You two wtih keyboard courage are really rich. So everyody who has lived on the hill for any length of time who complains that one business that closes that is a little different and another one opens which has 15 different iterations of the same business are racists as well?
Look around the hill. We have enough pho/thai/noodle shops. We have enough cocktail lounges. We need places that we can buy some affordale socks or underwear. We need a place that like City People’s used to be on 15th that we can buy household products. But I guess that makes me a racist, huh?
Really rich, you might want to put more thought into your responses people. I’m completely against these payday loans as well, but keep one thing in mind. You’d be better off using one of these than writing a 50 dollar bum check to your local bank when you consider what the overdraft fees would be. They provide a service, I just don’t know that we need a 4th or 5th on on the hill.
Not much to ask them other than ‘Why Pike?’ Maybe we’ll learn something about the appeal of Cap Hill for these things. Maybe there just needs to be a Money Tree on every corner.
Is it really so complicated? They make money, unlike a book store or most other stores everybody would like to see open, but will then never buy anything at because you can get it cheaper on Amazon.com or other websites. You want vibrant retail in your neighborhood? It’s pretty simple: stop buying online. The alternative is nothing but service sector: nail shops, Money Trees, copy shops and restaurants.
There was a check cashing place near Piecora’s that recently closed, so maybe they’re just moving.
I don’t know how many people realize this but 51% or more of many blocks of Capitol Hill have residents who earn at or close to the poverty line. As of the 2000 Census many blocks qualified for federal Block Grant status, which is an indication of a large presence of low-income residents.
My experience of living on Capitol Hill is you often have the top dollar “yuppie magnet” apts and condos on the same block as the 2-people living in one 20 x 20 ft room rentals with a single bathroom per floor. The wide income diversity on the Hill is one of it’s strengths and controbutes to the interesting mix of activities, shops and culture on the Hill.
So yes, unfortunately a money lending place like Money Tree has a large potential client base on the Hill, even while at the same time, we see tons of businesses catering to the financially well-off folks.