5 months ago
SACRAMENTO, CA - If you have a taste for something on the menu from Jack in the Box and you want to swing through a drive-thru in Sacramento, you may have to settle for another fast-food choice...at least for a while. That's because 70 Jack in the Box restaurants in Central and Northern California have temporarily closed. The restaurants are owned by Abe Alizadeh, president and founder of Kobra Properties, a real estate development company which operates commercial properties, corporate centers and restaurant chains. According to the Board of Equalization, he owes $4 million in delinquent taxes to the State of California. In a statement, Alizadeh said temporarily closing the Jack in the Box restaurants was more of a proactive measure. "Our country is facing difficult financial challenges...In the face of these challenges, we're taking action so we can fairly honor our financial commitments, protect the thousands of jobs we provide." Kobra Properties filed for bankruptcy protection in 2008. But the company said its restaurant operations, including Jack in the Box, TGI Friday's and Qdoba outlets, would not be affected by the bankruptcy filing. A statement from Jack in the Box corporate office in San Diego said the closure of the restaurants "are not related to any health or safety issues...The company is hopeful that the restaurants will reopen shortly to minimize disruption to employees and guests, as well as to the Jack in the Box brand."
News10/KXTV
