[EXECUTIVE SUMMARY: The world's largest and most elaborate postwar "tiki" bar/restaurant, the Kahiki Supper Club, was just sold to Walgreens, who will demolish it for a drugstore despite the fact that the Kahiki was recently put on the National Register of Historic Places. The seller, Michael Tsao, bought the restaurant some time ago and formed a national brand of microwave foods using its image.]

26 August 2000
Michael Tsao
Kahiki Supper Club
3583 E Broad Street
Columbus, OH 43213{0119
(614) 237-5425

Dear Michael Tsao:

When I first visited the Kahiki Supper Club some years ago, I was awestruck. I knew it was recognized as the world's greatest Polynesian "tiki" restaurant, but you can't begin to get a sense of what that means until you go there and see it. It is majestic, authentic, and a doorway to the past. It is the undisputed prime example of an American institution from another era, and I want you to know that having been able to experience it still preserved in the world today was a tearful joy!

Operating a popular, successful, historical landmark so inspiring and unique as to instill in men's hearts the kind of emotions described above -- this is what you've done. It is an accomplishment that should satisfy any man.

But despite having recently been placed on the National Register of Historic Places, I understand this site was now sold by you to Walgreens, who will demolish it. I also understand that you were unwilling to nominate the building for the Columbus Register of Historic Properties, which would guarantee its preservation. I further understand that you did not confer with the community over the fate of this historic property, that even your employees were not aware of impending sale, and that you did not accept the help or support of the many concerned individuals and organizations, both locally and worldwide, who wanted to save it.

If these understandings are correct -- and I hope they are not -- you have been grossly remiss in your duty as steward of this historic site. If true, it makes an obscenity of all the elements which give the Kahiki its historical and cultural value -- what was the Kahiki was not the giant Tridacara clamshell sinks; the Kahiki Supper Club was not the great Polynesian statues; it was not the gong of the Mystery Drink; the Kahiki was not the live Islander band in Hawaiian shirts. It was a relic of our history, and that cannot be franchised or re-built. Once it is gone, that doorway to our past will be closed. No more will enter.

We see that Walgreens (NYSE: WAG ) does not, in practice, abide by their stated policy of not demolishing structures listed on the National Registry of Historic Places. We can make this fact widely known, although that won't bring our historic places back. We can boycott and protest them, and all future ventures of your Kahiki Supper Club, Inc. (NASDAQ: KSCI) who use the image of the now-closed Kahiki on frozen microwaveable foods -- and be sure that many will, although there are limits to boycott and protest. We can make a law to seize historic places from the grips of their destroyers -- and we'll try, although by the time any such legislative action might occur it'll be too late; America will have no such places left.

Sure, corporate profiteers everywhere are doing it -- but popularity does not make an action right. This unchecked devastation is killing our heritage, stifling our dreams and slowly, cruelly, deadening our people. James Kunstler made a prophesy about it which now tolls out for Ohio, and has dire implications for us all: "A land full of places that are not worth caring about will soon be a nation and a way of life that is not worth defending."

If I am correct in my understanding that you sold the historical Kahiki Supper Club in the sole interest of maximizing your shareholder profits, you will have more dividends than expected: you will have earned your place in history for contributing to this nightmare.

              In outrage and disgust,

              Michael Stutz

cc: R.L. Polark, Chief Financial Officer, Walgreens
Bob Taft, Governor, State of Ohio
Columbus City Council
Diane Cole, Columbus Planning Office
Richard Moe, National Trust for Historic Preservation
Nathalie L. Wright, Ohio Historic Preservation Office
Stu Koblentz, Ohio Preservation Alliance
Board of Directors, Society for Commercial Archeology
Randolph Garbin, Roadside Magazine
Otto von Stroheim, Tiki News
Patrick Canning, Walgreen's
Editor, Columbus Dispatch
Frank DeCaro, New York Times
Brian Bauer, Motley Fool
Martha Simon, Editor, Food & Wine
Investor Relations, RTMark

Here are some Walgreens investor boards for telling investors what you think: Fool.com, Raging Bull, Alta Vista, Yahoo! Finance. Please visit the Save The Kahiki website, and this page, for more information.