The cooperative bought the Fayetteville building in 2008, and today president of the board of directors
Joshua Youngblood announced a decision to pay the remaining principal, more than $1.5 million, in full on December 10.
The grocery store will have to pay a penalty for the early buyout, but the move will save close to half a million in interest payments, Youngblood says.
Some owners aren't happy about the decision, and say the board needs to hire a financial advisor before spending the cash.
"Ozark Natural Foods happens to be very financially successful at this particular stage," Youngblood says. "We have a lot of cash, so people have a lot of different ideas about what we should do with that. People think we could maybe invest it in different ways."
The opposition filed a petition, hoping to stop the process, and Youngblood says the cooperative is now looking at legal requirements before making the payment.
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