Up To 50% Of NYC Bars And Restaurants Could Close Permanently In Next 6 Months – CBS New York

NEW YORK (CBSNewYork) — It’s a harsh actuality. The coronavirus pandemic is doing a quantity on native economies.

On Thursday, New York State Comptroller Thomas DiNapoli launched a brand new report that reveals what number of eating places and bars within the metropolis could by no means recuperate.

On Victory Boulevard within the Castleton Corners part of Staten Island, companies wrestle and shut and the just-released findings of a authorities audit point out it’ll worsen between now and April, CBS2’s Dave Carlin reported.

From furloughs and layoffs to companies eternally closed, authorities COVID-19 restrictions are choking the economic system of New York City, particularly its bars and eating places.

An audit by the state comptroller spells out what was feared — that the monetary outlook for a lot of is bleak. It finds as much as 50% of Big Apple bars and eating places might shut completely throughout the subsequent six months.

“Now they face an unprecedented upheaval that may cause many to close forever,” DiNapoli stated.


Aki Iliopoulos, proprietor of the Staten Island Diner, stated he works seven days per week. He stated he’s now in a position to carry some clients indoors, however not sufficient.

“Twenty five percent is not going to cut it. That’s 15 people in here,” Iliopoulos stated, including he usually has 60. “It’s in the negative. Every day, we’re in the negative.”

MORE: New York City May Pause Indoor Dining If Infection Rate Reaches 2%, Mayor Says

He’s hardly the one enterprise proprietor on this precarious place.

“Twenty five percent was a great start. It will not sustain the business. It will not sustain the industry,” Queens Chamber of Commerce President Tom Grech stated.

“It’s in my blood to just fight, fight until you have nothing else to fight about,” Iliopoulos added.

Chef Rob Libertella stated his is a lifeblood trade, which contributes $27 billion in taxable gross sales final yr.

“We will rebound. Unfortunately, some things will not,” Libertella stated.

Pushing it to the brink hurts everybody.

“I’m a food service chef and I do events such as Super Bowl XLVIII, couple of World Series, but without having fans in the stands our revenue is down about 85%. This is going to have a ripple effect throughout economy,” Libertella stated.

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Business house owners are demanding extra federal funding — grants and loans — and from town and the state much more of a soothing of the restrictions.

“We as the leaders in government owe it to them to use this report and make sure that we are passing legislation, that we are pushing the mayor and every single elected to do their job,” Assembly member Catalina Cruz stated.

Many house owners stated opening up indoor restaurant seating to 50% capability, which the Gov. Andrew Cuomo has advised might occur in a few month, would assist, however even that may not be sufficient.

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