David Flippo's HobbyTown Liquidates as Campaign Loans Increase
What happened
HobbyTown, a Utah hobby store operated by David Flippo and family, has liquidated. David Flippo's campaign stated that he delayed filing a required personal financial disclosure because he was closing the out-of-state business. During the quarter HobbyTown closed, the loans from David Flippo to his principal campaign committee increased by approximately $350,000, bringing the total candidate loans to $1.645 million.
Why it matters
The closure of the out-of-state business coincided with a major infusion of funds into David Flippo's congressional campaign. The liquidation of HobbyTown was cited as the reason for a delay in filing personal financial disclosures related to the business.
Northern Nevada is currently experiencing a high concentration of sophisticated projects.
Who's involved
- Northern NevadaGeographical region where the business and political activities are tied.
- HobbyTownThe franchised retail hobby and toy store that has liquidated.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- HobbyTownSpeculative
HobbyTown might see a reduction in revenue and operations due to its liquidation.
Keep exploring
Part of
Northern Nevada, a region of the state of Nevada, is currently experiencing a high concentration of sophisticated projects.Also in this story
- Nuclear fallout has been reported, originating in Nevada and traveling toward Albany.
- The Manhattan District Project is situated in Nevada.
The entities involved
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Northern Nevada
region of Nevada, United States
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Nevada
state of the United States of America