State comptroller: 50% of NYC bars and restaurants could close forever in next 6 months

State comptroller: 50% of NYC bars and restaurants could close forever in next 6 months
New York City's Times Square is currently a ghost town.

[Ed. – That’s a LOT of bars and restaurants in a city of 8 million.  A huge chunk of the economy for any densely packed city as well, where residents are more likely than in the lower-density suburbs and rural areas to patronize bars and eateries frequently.]

On Thursday, New York State Comptroller Thomas DiNapoli released a new report that shows how many restaurants and bars in the city may never recover.

On Victory Boulevard in the Castleton Corners section of Staten Island, businesses struggle and close and the just-released findings of a government audit indicate it will get worse between now and April, CBS2’s Dave Carlin reported. …

An audit by the state comptroller spells out what was feared — that the financial outlook for many is bleak. It finds up to 50% of Big Apple bars and restaurants could close permanently within the next six months.

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