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VOL. 8 | NO. 44 | Saturday, October 24, 2015

New Daisy Owner Says Tax Dispute Unnecessary

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The co-owner of the New Daisy Theatre says the Tennessee Department of Revenue should have been able to find someone at the Beale Street nightclub to talk with before resorting to padlocking the business for a day.

(Daily News File/Andrew J. Breig)

Steve Adelman, the managing partner of the renovated and recently reopened theater at 330 Beale St. sent an open letter Friday, Oct. 23, through his attorney, Charles Carpenter, explaining the tax dispute.

Adelman said the state officials padlocked the business Tuesday, Oct. 20, despite “my ongoing personal conversations with an agent from TDR, the properly filed power of attorney of record at the TDR office by the corporate attorney of the New Daisy, the fact that the New Daisy was hosting shows and employees are working there on a daily basis.”

“Nonetheless, TDR proclaimed that there was no one to speak with about taxes due and therefore, their only recourse was to seize the business,” Adelman wrote, adding that he got calls from business and banking partners, booking agents and managers as well as musicians “questioning how with all the time, effort and money invested into the New Daisy, and doing business for a few short months, this could happen.”

Adelman wrote that he was aware of the tax responsibilities as a new business owner and wanted to make sure he was in compliance.

“Ironically, it was these efforts and the desire to be in 100-percent compliance that led to the seizure of our business and, hence, the padlock cometh,” he wrote.

After a day of talks Wednesday, with a show booked that evening, Adelman said the issue was resolved and the lock was removed.

“Now, all that is left for the ownership group is to repair its reputation and bruised public image with the public, its business partners and music industry professionals around the world, and to determine how the ownership group of the New Daisy can be more accessible,” Adelman said in closing the letter. “If the powerful TDR cannot find us on the most iconic street in the nation, we are wondering if our customers can find us either.”

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