Covid, rising crime rates, and a mayor who doesn’t see business as a priority are the reasons. These things and the fact that many people are just checking out of The Big Apple altogether.
(From New York Post)
The coronavirus pandemic continues to impose a severe economic toll on New York City’s eateries and pubs — with 83 percent of establishments saying they’re unable to make their full July rent and 37 percent unable to pay at all, a survey released Monday reveals.
The NYC Hospitality Alliance poll of 471 restaurants, bars and nightclubs mirrors the results of a June survey — when the overwhelming majority of businesses were unable to cover their rent.
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Author: Nick Sorrentino
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