Quote:
Originally Posted by Sox
With the exception of The Keg, Jack Asters, and few select others --- I'm willing to bet the vast majority of downtown Restaurants are all on the brink of closing ! Its not something anyone wants to talk about, but the economy in this city is in a really tough spot right now, and it is going to be extremely difficult for these places to survive the downturn.
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I remember talking to someone involved with the Restaurant Association a few years ago. Margins in the restaurant business are razor thin. Most of them weren't making any money at that time. Now the lunch trade is down as large companies like Suncor move out of downtown. And other than the weekends when are regular people going out for dinner unless they are on vacation.