Tonight I will provide documented proof that A.C. Wharton is as dumb as a bag of rocks and that he has allowed John Elkington to get the best of him. Several weeks ago Wharton announced two days before the city was to take Elkington to court that a deal had been signed where Elkington would leave the street but receive 5% of the rents paid until 2034.
But what Wharton did not tell the citizens of Memphis is that he acted on an unsigned agreement. As of this past Friday the only signature on the agreement is that of Wharton and city attorney Herman Morris.
Sources within city hall have provided me with a copy of the agreement which I will post here tonight. When Wharton song the praises of Elkington in a press conference it was because item #1 of the agreement called for the mayor to do so. Wharton did not mention that Elkington is also receiving 50% of certain parking profits in the Beale Street Historic District.
The question now that has to be answered is whether since now that Elkington has filed bankruptcy can the city take control of the street seeing that Elkington has not signed the agreement. How could Wharton be dumb enough to act on an unsigned contract.
I will also post a copy of a letter from John Ryder who is the receiver of rents on Beale Street to Elkington's attorney stating what rents had been received recently. If Elkington is no longer in control why was this letter sent.
I will also post tonight a copy of two lease agreements where Elkington is allowing two new Beale Street businesses not to pay rent for 3 years and just pay 6% of their gross. It seems as though Elkington has gotten over again. First he was able to steal millions without paying back one dime, Not be charged with a crime, By the way the contract Wharton signed states that the city can not go after him for the money, then get a so called smart attorney like Wharton to agree to letting him receive payment for 20 years even though millions are unaccounted for.
Some of you want to talk about Willie Herenton But A.C. is a complete joke who with all his legal training acted on an unsigned contract, dropped the city's lawsuit against Elkington giving him time to file bankruptcy and maintain control with now the help of the federal government.
YES I HAVE COPIES OF ALL OF THE PAPERWORK WHICH I WILL POST TONIGHT,DAMN I KNOW THE SO CALLED MAIN STREAM MEDIA IS GLAD I'M BACK TO WORK.