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https://www.foxbusiness.com/economy/new-york-city-business-exodus-losses-unclear
Not many good reasons to stay or come back given the defanged police department, progressive leadership and lack of will to prosecute with ridiculous bail release laws.
Sounds like a “new normal” to me unless we get a Republican legislature, governor, mayor, DA and AG.
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“There’s no reason to do business in New York,” Michael Weinstein, chief executive of Ark Restaurants – the parent company for Bryant Park Grill & Café – told The Times. “I can do the same volume in Florida in the same square feet as I would have in New York, with my expenses being much less.”
As a result of such aggressive reductions, national chains — including J.C. Penney, Kate Spade, Subway and Le Pain Quotidien — have permanently shut down branches. High-profile locations have shuttered while continuing business in other states, largely due to the rent requirements in the city.”
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