•   
  •   
  •   

Politics 92 percent of NYC restaurants could not make December rent: survey

07:11  19 february  2021
07:11  19 february  2021 Source:   thehill.com

Unpaid rent is piling up. Landlords can't hold on forever

  Unpaid rent is piling up. Landlords can't hold on forever Millions of struggling renters caught a much-needed break when the federal moratorium on evictions was extended through the end of March. But for many landlords across the US, the news came as a nightmare. © John Moore/Getty Images PHOENIX, ARIZONA - OCTOBER 07: Hector Medrano delivers cash to a landlord while narrowly avoiding eviction from an RV park on October 07, 2020 in Phoenix, Arizona. Medrano was able to get a last-minute salary advance to forestall the eviction.

a dining room table: 92 percent of NYC restaurants could not make December rent: survey © Getty Images 92 percent of NYC restaurants could not make December rent: survey

Ninety-two percent of New York City restaurants couldn't afford to pay their rent in December, according to a survey from the NYC Hospitality Alliance released Tuesday.

The number of restaurants in the city that have been unable to pay their rent has been increasing since the pandemic began, according to the trade group. Eighty percent of restaurants were unable to pay their rent in June.

The survey of over 400 businesses also found that only 40 percent of landlords reduced rent during the COVID-19 pandemic. Only 36 percent of landlords deferred rent due to the pandemic, and only 14 percent of businesses were able to successfully negotiate leases.

Manhattan DA's office has reportedly issued a subpoena to the NYC Tax Commission as part of an investigation into former President Trump's company

  Manhattan DA's office has reportedly issued a subpoena to the NYC Tax Commission as part of an investigation into former President Trump's company The Manhattan District Attorney's Office has reportedly issued a subpoena to the NYC Tax Commission for documents related to the Trump Organization.Manhattan district attorney Cy Vance's office reportedly issued a subpoena to the New York City Tax Commission, which is responsible for reviewing assessed values of properties.

"We're nearly a year into the public health and economic crisis that has decimated New York City's restaurants, bars, and nightlife venues," Andrew Rigie, executive director of the NYC Hospitality Alliance, said in a statement. "While the reopening of highly regulated indoor dining is welcome news, we need to safely increase occupancy to 50% as soon as possible, and we urgently need robust and comprehensive financial relief from the federal government.

The survey comes as restaurants in the city and nationwide have been hit particularly hard by the coronavirus pandemic.

New York Gov. Andrew Cuomo (D) allowed restaurants in New York City to reopen indoor dining at 25 percent capacity last Friday, and extended closing times from 10 p.m. to 11 p.m.

Restaurants can still provide curbside food-only pick up or delivery after the 11 p.m. closing time.

Surgery for a child, car loan, electric bills: We asked Americans how they’d spend $1,400 stimulus checks, and this is what they told us .
We asked Americans around the country how they would spend a third round of $1,400 stimulus checks if the new relief bill passes.Lost family. Lost jobs. Lost hope.

usr: 0
This is interesting!