Economies News

Can Restaurants Save New York City or Las Vegas Economies?

Can Restaurants Save New York City or Las Vegas Economies?

1st Oct 2009 Focus

The Old Guard is in trouble when it comes to making a living on the New York City restaurant scene. Tavern on the Green declared bankruptcy in September, not even two weeks after Café des Artistes closed its doors. The owners said after 92 years in the restaurant business, the company could no longer pay employees’ health and pension benefits. Indeed, reports say they were $250,000 behind in health insurance and $116,000 in pension payments