Quote:
Originally Posted by Bogie Shooter
A lot of big assumptions.......
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Not really Bogie.
You can guarantee if TV was helping their tenants, the publicity would be huge. Rightfully so, to get the good PR. So, I would "bet the farm" that nothing has been done on that end.
As to individual tenants (TooJays whole chain already declared Chapter 11 bankruptcy), Every restaurant took a tremendous hit. e.g. entire perishable inventory lost (given away or trashed). The local independents need some really deep pockets to withstand impact of their continuing fixed costs and have enough left to ramp up again.
Finally. restaurants absolutely can't survive at 25%-75% occupancy. When we talk about surviving at 60% occupancy, what that means is the average for ALL open hours. Here in TV we have a very narrow serving time. In other words everyone eats at close to same time. If restaurants can't do 100% seating during these peak times they are broke. Period.