Wednesday, March 02, 2005

Trouble in Midtown

The City Paper is reporting that the owners of Bound'ry and South Street are in a slap-fight over property issues at the 20th Avenue properties. The closing of Chu came as a surprise to me only because the massive investment they made to it was a sunk cost. Their ongoing costs must have been pretty enormous because it seemed that Chu did a steady business. Perhaps it was too much like Bound'ry. Anyway, the property holder was a 50% owner in Chu and my guess is that he wants a bigger piece of Bound'ry and South Street for himself as compensation. My take - that's business, pal. There will be hundreds of mad Nashvillians if he closes the restaurants and I'll be leading the mob.


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