Of Ark Restaurants’ five Manhattan restaurants, only two have reopened, while its properties in Florida — where the virus is far worse — have expanded outdoor seating with tents and tables into their parking lots, serving almost as many guests as they had indoors.
“There’s no reason to do business in New York,” Mr. Weinstein said. “I can do the same volume in Florida in the same square feet as I would have in New York, with my expenses being much less. The idea was that branding and locations were important, but the expense of being in this city has overtaken the marketing group that says you have to be there.”
But New York today looks nothing like it did just a few months ago.
In Manhattan’s major retail corridors, from SoHo to Fifth Avenue to Madison Avenue, once packed sidewalks are now nearly empty. A fraction of the usual army of office workers goes into work every day, and many wealthy residents have left the city for second homes.
For four months, the Victoria’s Secret flagship store at Herald Square in Manhattan has been closed and not paying its $937,000 monthly rent. “It will be years before retail has even a chance of returning to New York City in its pre-Covid form,” the retailer’s parent company recently told its landlord in a legal document.
Faith in human action:
New York’s stringent lockdown and methodical reopening may have brought the virus to heel, Mr. McCann said, but it is also wreaking havoc on businesses with so few people going to work, virtually no visitors and many residents “a little loath to go out” and worried for their health.
It can’t be that the virus ran out of suitable hosts in NYC! Bold action by the governor and mayor defeated the virus.
Democrats in New York assert that Donald Trump is corrupt and acts out of personal financial interest. Donald Trump is known to own a lot of real estate in NYC that would get a big lift from a federal bailout of NYC. Putting these things together, wouldn’t it therefore make sense for New Yorkers to rally behind Donald Trump for the 2020 election? What other politician is certain to divert rivers of federal cash in New York’s direction?
From January 2019, NYC subway:
Now they know that the real minimum wage is actually $0 and/or $600/week…Full post, including comments