Lorain party center opens expansion with wedding
Lorain entrepreneur Len DeLuca unveils a $350000 expansion to Place in the Park, boosting capacity to 900 seats after a year of planning. The center hosts 200 events annually, with weddings drawing 600 to 700 guests and major dinners for the Lorain International breakfast and Elyria Sports Hall of Fame. DeLuca notes ongoing plans and says the expansion makes it the county's largest party center.
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Florafax under fire over earnings and accounting practices
Investment analyst Gaines questions Florafax earnings over three years and the $2 million capitalization for florist shops on military bases. He cites rising bad debt reserves, a $1.2 million Whiskeygram liability, and concerns that retained earnings are overstated. Florafax president Richard Tucker calls the criticisms negative hype and notes debt reduction and cash reserves. chairman Joseph Hale is to step down.
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