Mayor Bill de Blasio announces “a new New York City tradition” as outdoor dining is set to return next year (de Blasio by Lev Radin/Pacific Press/LightRocket via Getty Images; background by ANGELA WEISS/AFP via Getty Images)Andrew Moger’s days are filled with tracking restaurant closures around the city.The CEO of BCD Development, a restaurant-focused real estate brokerage and advisory firm, is on the lookout for vacancies — and expects a spate of them.“You take these restaurants that signed very expensive leases and were barely doing well pre-Covid, and then you add this type of devastation, it shouldn’t surprise anybody that those places aren’t going to make it,” Moger said.In this brutal environment for eateries, Mayor Bill de Blasio cheerily announced Monday that outdoor dining will return by next June, calling it “a new New York City tradition.”How many remain around to enjoy it is anyone’s guess, as 83 percent did not pay full rent in July and 37 percent paid no rent at all, according to a survey of 471 establishments by the New York City Hospitality Alliance.Unlike restaurants and bars in the rest of the state, which have been allowed to resume indoor dining at 50 percent of capacity, those in the five boroughs can only serve customers outside or via takeout and delivery. No timetable has been set for that to change.“While complying with the necessary pause, our industry has been uniquely and financially devastated,” Andrew Rigie, the executive director of the NYC Hospitality Alliance, said in a statement.Few have managed to renegotiate leases or relief from their landlords. Seventy-one percent of landlords would not waive portions of rent, 61 percent would not defer rent payments and 90 percent would not formally renegotiate leases.Of those who did waive rent, 73 percent wrote off more than half of it.Their landlords are also at risk; those unable to make mortgage payments could lose their properties to foreclosure.“We’ve told all of our restaurant clients to be patient because truthfully, we think there’s going to be a lot more pain on the landlord side,” Moger said. “I don’t think that any restaurant tenants should be signing an amendment to their lease at this point. I think it’s too soon to tell what this is going to look like.”Outdoor dining was allowed before Covid via sidewalk cafes, but the permitting process took months and provided little space, so as not to impede pedestrians. The new system that de Blasio extended Monday streamlines approvals and in some cases allows for eateries to take over parking lanes.Still, the percentage of restaurants and bars who reported paying rent on NYC Hospitality Alliance surveys edged down last month. Nearly 20 percent of eateries paid all of June rent. For July, that number dipped to 17 percent.While the survey shows that outdoor dining may not be enough to make full rent, the initiative, which began in June, has helped. Only 13 percent of restaurateurs paid all of their May rent.Their immediate future may not be bright, either. Stimulus checks have been spent, federal unemployment benefits expired last week, August is historically an awful month for restaurants, and city protections of commercial tenants expire in September. It’s looking like a long winter.On top of that, Gov. Andrew Cuomo has been threatening to revoke what few privileges New York City restaurants have been given, citing social distancing violations at a small percentage of the establishments visited by state inspectors in recent days.In July, while the rest of the state was allowed to seat some diners indoors, restaurants in the city had indoor dining postponed indefinitely just days before it was to start. Bars suffered a blow when Cuomo announced that they could only sell alcohol to customers also being served a meal.Contact Sasha Jones at [email protected] This content is for subscribers only.Subscribe Now
16.12.16 15:45Germany vs Romania ShareTweetShareShareEmailComments World and European champions, Norway, Olympic vice-champions France, World’s runners-up Dutch girls and Denmark, who haven’t medal since World Championship 2013 will decide about the medals at Women’s EHF EURO 2016.Here is schedule for semi-final day:Placement Match (5/6) – Gothenburg, Scandinavium Semi-finals – Gothenburg, Scandinavium Click to comment ShareTweetShareShareEmail Related Items: 18:15Netherlands vs Denmark20:45 France vs Norway Leave a Reply Cancel replyYour email address will not be published.Comment Name Email Website Save my name, email, and website in this browser for the next time I comment.
In Story Time With Uncle Ivan Neville Part One, we brought you the hilarious tale of New Orleans legend James Booker goofing around and impersonating a cop which eventually resulted in him getting arrested. Nevertheless, the memories made it all worth it!Dumpstaphunk Announces Phunksgiving Featuring Fishbone And Special GuestsToday, the Dumpstaphunk frontman and descendant of New Orleans musical legacy gets extremely candid about something that was prevalent in his life for some time – crack. Though he is thankful to be long done with the stuff, it resulted in some pretty priceless stories!Check out Story Time With Uncle Ivan Part Two. We wonder what ever happened to the dog…
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The new vessel, Pacific Osprey, will be the same specification as Pacific Orca, currently under construction atSamsung and delivering in 2012. Pacific Osprey is scheduled to arrive in Europe in early 2013 and will be used for the installation of wind turbine generators for Dan Tysk Offshore Wind in the German North Sea. Pacific Orca, which was originally contracted by the Dan Tysk project, will be committed to another European project. The re-allocation of Pacific Orca and Pacific Osprey between projects provides the parties with a better alignment between the delivery dates of the vessels and the commencement of their initial contracts, says Swire.The Swire Blue Ocean windfarm installation vessel design focuses on safety, efficiency and reliability and will provide customers with a significantly improved operating weather window, claims swire. The advanced specification features a usable deck area in excess of 4,000 sq m, DP 2 station keeping, a 1200 tonne capacity crane, a total jackable weight of 8,400 tonnes and a transit speed of 13 knots. The vessel is well suited for the installation of both wind turbines and foundations.”Exercising the option to build our second Windfarm Installation Vessel is an important milestone for the company and underlines our commitment to the offshore wind industry”, Lars Blicher, general manager and director of Swire Blue Ocean, commented. “The industry, quite rightly, has high expectations of the levels of safety, efficiency and operating performance required from vessel owners as it moves towards increasingly challenging projects. We are fully focused on ensuring these objectives are met.” For more information, please contact Swire Blue Ocean A/S in Denmark, tel +45 7026 3133 – attention Ms Rikke V. Stoltz, Business Development Manager & Director, email [email protected] or visitwww.swireblueocean.com
Share 279 Views no discussions Share Tweet BusinessLocalNews First Entrepreneurs Forum deemed successful by: – February 21, 2019 Share Sharing is caring! Owner of Royal Globe Inc Avenna PrinceRoyal Globe Inc hosted the first of a bi-monthly entrepreneurship program called “The Entrepreneur Forum” on February 19th.Royal Globe Inc aims to elevate entrepreneurs and encourage global thinking among entrepreneurs hence the establishment of this initiative.The forum proceeded under the theme “Going Global with my Business, A Changed Mindset” at the Prevost Cinemall Conference room.At this forum an avenue to educate and support entrepreneurs and people aspiring to become entrepreneurs was created. The continuation of this initiative will help entrepreneurs build their companies and to create a platform where entrepreneurs can share information among themselves.Featured speakers at this forum included Attorney at Law Senator Ronald Charles, who spoke on the legalities of a business, Naomi Romain from the National Development Foundation of Dominica (NDFD) who presented on the topic evaluating and developing a business idea and the Registrar of companies Athleen Nesty, who spoke to the participants about the registration of a business and business name registrations.The aim of the forum is to improve the awareness of opportunities locally, regionally and internationally. In addition the forum will be a link to connect local and international companies.The event was deemed successful by the participants and the host of the forum and owner of Royal Globe Inc, Avenna Prince.The Entrepreneurs Forum is scheduled to take place every second Tuesday bimonthly.
Rifle shooter Leo Romalho staved off a strong challenge from Sherwin Felicien to win his second Guyana National Rifle Association Record Shoot in as many weeks. Romalho and Felicien each recorded 116 points but Romalho shot seven V-bulls to Felicien’s five at the event held at the Timehri Rifle Ranges, Yarrowkabra, Linden Soesdyke Highway.Two possible were recorded on the day, veteran Ransford Goodluck recorded one at the 300-yard range (50.5).Incidentally, Goodluck ended with nine V-bulls, the most on day, 9. The other possible was recorded by Felicien at the 500-yard rane where he shot 35.0.
TEXARKANA, Ark. (Jan. 8) – Promoter Dennis Gardner Jr. is looking forward to seeing a lot of the area race cars that have been sitting idle the past few seasons back on the Texarkana 67 Speedway oval this season.IMCA Modifieds and IMCA Southern SportMods are new in 2018 to Friday night programs at the ¼-mile dirt speedplant. The IMCA Speedway Motors Weekly Racing National point season for both divisions runs from April 6 to Aug. 31.“There is a lot of interest in the IMCA sanction. A lot of people are excited about it,” Gardner said. “We already have 15 to 20 Modified drivers in the area who are converting their old cars or building new cars.”All that interest is understandable as the Modified track champion will receive a 2018 chassis purchased by Texarkana 67 from Larry Shaw Race Cars.The Texarkana 67 management team was in charge of four events last fall. The IMCA rules package in general and economics in particular figured in their decision to sanction beginning this year.“Three years ago in our area, there were 40 Modifieds. Then another sanctioning body came in and now there are about 10,” explained Gardner, who turned laps at Texarkana himself in a modified, street stock and limited modified. “There are a lot of cars sitting in shops not going anywhere now but IMCA rules put everybody on the same page.”“The cost of racing in our area has gotten out of hand and that’s been plum aggravating,” he continued. “We want drivers to realize they don’t have to build $12,000, $15,000 or $18,000 engines. With IMCA, they can buy a built engine or crate engine and afford to compete.”A guaranteed purse will be announced and Modified points earned at Texarkana 67 will apply in the Jet Racing Central Region or Razor Chassis South Central Region.IMCA Modifieds were last sanctioned at what was then Texarkana Speedway in 1999. Southern SportMods last ran in Arkansas in 2007.“We are hoping to sanction Hobby Stocks with IMCA in the future,” Gardner said. “We are using IMCA rules for our Sport Compact class and averaged 20 to 25 of them a night. We also want to sanction that division, possibly as soon as next year.”