Advocates Call For Rent Relief For Small Businesses, Restaurants

Steve Burns
July 02, 2020 - 7:43 pm

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    NEW YORK (WCBS 880) — A new survey is showing just how grim the financial situation is for the city's bars and restaurants. 

    Even as people fill restaurants seats on the sidewalk and into the street, restaurants still have expenses they need to pay for.

    “It's not enough for restaurants to pay their rent or frankly cover many of their expenses,” says Andrew Riggie, of the New York City Hospitality Alliance.

    He says their needs to be a serious conversation about rent relief for New York's small businesses, especially given the results of a survey his organization has just published.

    “Only one fifth of the respondents reported paying their full rent in June, and only 10% of the respondents were able to renegotiate their leases with their landlords,” Riggie said.

    He says landlords need to realize it's not going to be a quick rebound, especially since indoor dining was postponed indefinitely.

    “It's very dire,” Riggie said 

    He wants to see outdoor options expanded even further, possible into adjacent storefronts or parks.

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