Why NYC Restaurants Are Doing About Rent

  • By cvbizz
  • April 2, 2020
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New York bars and restaurants, which reportedly laid off tens of thousands of staffers in March, are now negotiating with landlords to stave off another crisis: paying April rent.

Real estate relief efforts are underway, including a 90-day state moratorium on evictions and a proposed tenant forgiveness bill. Nonetheless, rent payments are still due. “The reality is that many restaurants will not have the money to pay,” said Andrew Rigie, head of the New York Hospitality Alliance, a group that

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