tavern on the green closing down on December 31
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tavern on the green restaurant will closing on December 31. In August 2009, the restaurant lost a bid to renew its operating license with the New York City Department of Parks and Recreation.
Tavern on the Green is a famous restaurant located in Central Park on the Upper West Side of New York City. Tavern on the Green closing is truly the end of an era. Tavern on the Green closing is also a commentary on the financial picture for everyone in New York. People just can’t afford the lifestyle anymore.
Tavern on the Green is among the country’s top-grossing independently owned restaurants, earning more than $36 million in 2008, yet paying only $1.2 million, roughly 3.5 percent of revenues, to its landlord, the city.
The New York Observer reported Monday that Donald Trump, Danny Meyer and Drew Nieporent have been mentioned as possible contenders for a new 20-year lease that would give the city higher revenues for the space than currently paid.
