Posted on 05/24/2020 6:12:04 PM PDT by CheshireTheCat
A Portland restaurateur has announced that he will close not one, but all of his five restaurants because of COVID-19. David Machado, a hotel-based restaurateur, will be permanently closing the rooftop bar Altabira City Tavern, Citizen Baker, Italian restaurant Nel Centro, Pullman Wine Bar and Merchant, and Northwestern bistro Tanner Creek Tavern. “There’s no pathway back to a viable business,” Machado says, referencing the many hurdles that the restaurants will likely face if reopened.
There are a few factors that make David Machado Restaurants especially vulnerable to the perils of reopening — perhaps most obvious is that all of them are housed in hotels, and there’s no indication at all when Portland’s tourism scene will return to anything approaching normal. Additionally, each of them relied heavily on a steady stream of concert, sports, and event-goers...
(Excerpt) Read more at pdx.eater.com ...
Yep, and the possibility of locking down cities and states over and over again isn’t sweeting the business climate either.
I’m not familiar with the biz.
But demand will return, so if the laws allow, a restaiuranteur will be able to basically come right back after bankruptcy.
After all, they did it before so they’re a good risk to be successful again.
Machado is a legend in the local restaurant biz here in Portland.
Go bankrupt and be successful. Strange times.
Anyone who thinks we can just open the economy back up and "poof" everything goes back to normal should heed these words.
There's no going back. The people who made the decision to shut down the country, even for a single day, need to be held accountable. The economy is in smoldering ruins. The entire country looks like Detroit. Boarded up and abandoned storefronts fill the landscapes. Commercial real estate is collapsing and behind this, the banks that hold the notes. Great Depression II is on the horizon. We have no idea the suffering that awaits us.
Shocking...
Mar 20, California becomes the first state order lock down
Chart showing the stock market tanking long before the first lock down 
Chart showing airline traffic plummeting before the lock downs. Keep in mind, the airlines have never been locked down. They were strongly pressured NOT to shut down. 
Chart showing Restaurant traffic falling before first lock down. 
Fall off in many industries prior to California's lock down. 
this is what this fear pandemic has wrought....
btw, CDC stating that the CFR is more than the flu, but well, well under all previous estimates...
Wonder what his voting record is.
Thank you.
I’m just a small retail/service (5 employees) but I’m contemplating early retirement because of all the money I’ve lost and stand to lose plus this BS I’m expected to do, unending amounts of hand sanitizer spit shields suspended above my cases among other things.sadly that just adds to the unemployment numbers.
You really are a piece of work, you know that? You’re the guy who has been doing everything he can to hike up the panic levels with all of your sensationalist virus posts, and now you’re trying to convince people that the economy was tanking before all of this ridiculous Chinese COVID hype? A phenomenon that, even if true, can easily be explained by the unease that the Chinese COVID situation brought since mid January?
Seriously, how much are the Chinese paying you?
the economy may have been down before lockdown due to fearmongers but restaurants were still open and it was still possible to eat out as i did the day before the lockdown started. The lockdown made the situation worse and fix many irretrievable. As we begin to reopen those of you pushing fear are prolonging the misery and making it worse. if the destruction only affected the fearmongers i could be OK with it. Unfortunately you combined with power mad politicians have brought devastation on this country that some will never recover from. Far more lives have been. ruined by hysteria and over reaction than will ever be touched by this virus
“Economy was tanking before the lock downs.”
DannyTN again being a full of it pro lockdown advocate.
All of his ‘tanking’ indicators came AFTER it was totally clear to All businesses that drastic restrictions were inevitable.
That means much fewer tables in a given floor space. You need to sell the maximum number of meals, as many as the kitchen can make, move them out and more people in, clean up and do it again, and again, in order to profit.
With so few patrons, an owner could still go broke. Even with every table he is allowed to have, full all through the day, at double the price per meal. It was a tough business even before the virus.
So what really changed in just 3 months? People are still hungry and like to eat out. They like travel and visiting new cities. They like holding conventions and weddings and bar mitzvahs. What changed?
Fear and panic. People have been convinced by the media that they are going to die if they get within 6 feet of other people. There’s no evidence that eating or drinking publicly or traveling on aircraft or riding on elevators or going to school or using public restrooms has contributed to any of the deaths in a significant way.
I haven’t seen the statistics on flight crews but I doubt they account for very many cases or fatalities. They use the same common sense sanitation practices they normally have to use when working with the public.
Are we really this fragile?
My sister said in her town there are two family owned restaurants that have been around for decades. . .closed for good. Some of my friends and I have been trying to help a nearby restaurant by calling in our order and taking it to the park to eat We haven’t been arrested, yet.
I’ve lost my desire to shop and really don’t miss socializing. . .I mean who wants to talk through a mask that is suffocating the life out of you. I have, however, been upping my conversations with and attention to my pets even if they do bring some ticks into the house.
So many jobs depend on out of the area employees....for gifts, for lunch, for after work drinks...cleaning staffs for offices, messengers...
There is NO reason for these jobs to ever return to cities. Lease income taxes, gone...sales taxes, gone...hotel occupancies, reduced...income taxes, gone.
So deserved, so glorious. . . the fallout of this democrat activism.
These a-hole governors need to pummeled as well as those who pipelined all of the misinformation. The Chicoms and DNC nuked us.
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