Monday, August 8, 2005

Bid to Open Payday Loan Operation Rejected in N. Las Vegas

By Roman Parchowsky
Payday Loan Writer

Las Vegas, NV — The North Las Vegas City Council rejected Cash Box's bid Wednesday for a permit to open a store.

Although the city passed a moratorium which temporarily stopped any payday loan stores from opening up, Cash Box's request for the permit came before this moratorium. Even though the permit was approved by the Planning Commission, the city staff appealed the case to the council.

It's the second time this year North Las Vegas has rejected a permit for the payday advance company Cash Box, which sought to open a store at 2696 W. Ann Road. The city rejected another request by Cash Box earlier this year to open a store at the northeast corner of Cheyenne Avenue and Martin Luther King Boulevard.

Cash Box has filed one lawsuit against the city and the company's owner, Chet Cox, has threatened to file a second with the latest denial. Cash Box sought a court injunction to stop Wednesday's council hearing but was unsuccessful.

Councilwoman Shari Buck led the opposition to the store, saying there are too many in the community — there are 25 — and called the business undesirable. It's the third payday permit rejected by the council this year.

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