[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/ck/ - Food & Cooking

View post   
File: 25 KB, 598x106, 1571652384712.png [View same] [iqdb] [saucenao] [google]
14547614 No.14547614 [Reply] [Original]

NEW YORK, NY, August 3, 2020 -- A survey released today by the NYC Hospitality Alliance details the latest data on the state of New York City’s devastated hospitality industry.

The survey of nearly 500 owners and operators of restaurants, bars and nightlife establishments across the city found that a growing number of businesses could not pay rent in July. 83 percent of businesses could not pay full rent in July and 37 percent of businesses reported paying no rent at all.

Adding to the challenges that restaurants, bars and nightlife venues face are inflexible landlords, some of whom have their own set of difficulties. 71 percent of landlords would not waive portions of rent due to COVID-19, 61 percent would not defer rent payments and 90 percent of landlords would not formally renegotiate leases.

With indoor dining service still on pause and outdoor dining service not generating sufficient revenue to cover rent and other expenses, small business owners in the industry continue to express significant concerns about surviving the pandemic and staying viable in the future.

“Restaurants and nightlife venues are essential to the economic and social fabric of our city, but they are struggling to survive and absent immediate and sweeping relief so many will be forced to close permanently,” said Andrew Rigie, executive director of the NYC Hospitality Alliance.

“While complying with the necessary pause, our industry has been uniquely and financially devasted. Small businesses urgently need solutions from government leaders at the city, state, and federal level, inclusive of extending the moratorium on evictions, extending the suspension of personal liability guarantees in leases, pausing commercial rent taxes, providing landlords with needed support, and infusing small businesses with enough cash to weather the storm.”


https://thenycalliance.org/information/july-2020-rent-report

>> No.14547616

About the NYC Hospitality Alliance

The NYC Hospitality Alliance is a not-for-profit association representing restaurants and nightlife establishments in the five boroughs. The Alliance advocates on behalf of its members in the halls of government and in the media. We support pro-growth policies that support small business and reduce regulatory burdens. We offer restaurateurs and nightlife professionals information, education, consulting and events to help them grow, succeed and forge a strong and vibrant hospitality industry community.

>> No.14547627
File: 1.73 MB, 382x678, 1596144043353.gif [View same] [iqdb] [saucenao] [google]
14547627

>>14547614
>self-reported

>> No.14547639

>>14547614
Yeah I don't live in NYC but do work in hospitality for 14 years. I've been laid off since March I work in banquets at a nicer casino. It sucks

>> No.14547648

>>14547614
LANDLORDS MAKING CALLS
uh
RENTERS SUCK MY BALLS
uh

>> No.14547973

Good, fuck these liberals, maybe they should take back the money they donated to Georgie Floyd's family hahahaha

>> No.14547974

lol

>> No.14547978

>>14547614
unable or unwilling

>> No.14547983

Cuomo is a scumbag

>> No.14547985

it's OVER for chefcels

>> No.14547991

I'll now be able to live out my dream of marrying a desperate waitress! This is it, boys! Fate is smiling upon me!

>> No.14548063

>>14547614

The city should waive property taxes for landlords that put tenets on a payment plan. Instead they want to gouge the property owners for taxes while also calling them greedy for not waiving rent.

>> No.14548068

>>14547614

New York City property owners owe $1.65 billion more in property taxes than they did last year, despite a pandemic that has hobbled real-estate values.
A Wall Street Journal analysis of the latest city assessment rolls found that the industry’s new tax bill will rise 5.7%. That is because the tax assessment date was Jan. 5, well before property values deteriorated in response to the March shelter-in-place orders that led numerous businesses to close and many tenants to withhold rent.

The increases were driven mainly by rising market values in recent years as well as the value of new construction and renovations.
Property taxes are of central importance to New York City’s budget. It is the biggest and most important source of tax revenue, helping to pay for everything from schools to hospitals, firefighters and police.
The tax bills are scheduled to go out on June 1, with initial payments due July 1, the start of the city’s fiscal year.
The New York real estate community made a plea in recent weeks to persuade the city and state to freeze property taxes at the current level. They cited hardship and delays in reviews of appeals by the New York City tax commission related to the stay-at-home orders.
“The continuing pandemic has caused a dramatic decrease in residential and commercial rent revenue,” said Joseph Strasburg, president of the Rent Stabilization Association, which represents 25,000 landlords and managers of rent-stabilized apartment buildings. “Yet all building operating costs, particularly property taxes, continue to rise with zero consideration from our elected leaders.”

http://archive.vn/wYcW0#selection-2293.0-2315.391

>> No.14548091

>>14548068
This is the long awaited rain we've been looking for. A real rain. A rain to wash the scum from the streets.

>> No.14548257 [DELETED] 

They're all Jewish there so they'll get bailed out, no big deal, shalom

>> No.14548266

>>14547614
Based boomers killing the service industry with a glorified flu.

>> No.14548271

>>14547614
death to userers

>> No.14549420

bump

>> No.14549644

>>14547614
hahahahah (((THEY))) own the buildings, (((THEY))) are gonna force them to close, then wheres the money coming from?? imagine the taxes on those buildings are pretty steep. too bad the kikes are gonna force the restaurants out but because of the chimp outs no retail will be going back in so looks like theyre all fucked. finally, (((JEW YORK))) will get what its deserved for so fucking long.
>t NYer

>>14547983
diblasio makes cuomo look like the president of mensa he's such an absolute fool

>> No.14549753

>>14547991
Hope you like coke

>> No.14549810

>>14549753
I’m more of an rc cola guy.

>> No.14549901

>>14547614
I see a lot of coasties moving inland.

>> No.14550074

>>14547614
Oh nooo, 80% of New Yorkers will starve to death because they can't cook/live in a place with no kitchen/work slave jobs where they don't have time to cook.

>> No.14550448

>>14549644
God I hope kikes don't start eating pavement from high rises out of desperation.

>> No.14550581

>>14550448
i think well see a lot of the old (((JEWISH LIGHTNING))) before that happens....

>> No.14551032

>>14548266
>tfw now have to slave away for that evil bastard Jeff Bezos, helping him and the CCP destroy America for profit instead of doing what I love in a small business
Fuck the boomers, Nazbol revolution and boomercide NOW

>> No.14551115

>>14549644
Why don't the Jews just take a hit now so they can still have tenants? If they all kick out everyone, NYC collapses and they are out of money