Trader Vics San Francisco, stimulus funds, and lawsuits - General Tiki

I ikitnrev Tiki Socialite D.C. / Virginia Joined: Jul 27, 2002 Posts: 1325	I ikitnrev Posted posted on Wed, Mar 25, 2009 11:55 PM The building at nearby 525 Golden Gate could have been deemed to be non-earthquake proof years ago, and plans could have been made to demolish the buildings back then too, and to build a new building at that site (even without any word on stimulus funds) Plans often get delayed for various reasons. With the sudden availability of stimulus funds, the city is certainly right in looking into the possibility of using such funds to help defray new construction costs. If that means making the building design more green, then they are likely to do that. The question is - was the decision to close the S.F. Trader Vics based on the teardown and construction of the nearby building, or because business was not good as anticipated at that site, or for any other reason. Did Trader Vics sell off or remove much of the decor inside with the intention of never returning, or did they just plan to temporarily 'mothball' the place, with the intention of opening it again after the nearby construction was completed. Most restaurants try to stay open as long as possible, even if construction is happening nearby - the loss of incoming cash flow is just too great.

The building at nearby 525 Golden Gate could have been deemed to be non-earthquake proof years ago, and plans could have been made to demolish the buildings back then too, and to build a new building at that site (even without any word on stimulus funds) Plans often get delayed for various reasons.

With the sudden availability of stimulus funds, the city is certainly right in looking into the possibility of using such funds to help defray new construction costs. If that means making the building design more green, then they are likely to do that.

The question is - was the decision to close the S.F. Trader Vics based on the teardown and construction of the nearby building, or because business was not good as anticipated at that site, or for any other reason. Did Trader Vics sell off or remove much of the decor inside with the intention of never returning, or did they just plan to temporarily 'mothball' the place, with the intention of opening it again after the nearby construction was completed.

Most restaurants try to stay open as long as possible, even if construction is happening nearby - the loss of incoming cash flow is just too great.

Post #442604 by ikitnrev on Wed, Mar 25, 2009 11:55 PM