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Landmark New York Restaurant To Change Hands

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Landmark New York Restaurant To Change Hands

Business

Landmark New York Restaurant To Change Hands

Landmark New York Restaurant To Change Hands

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  • <iframe src="https://www.npr.org/player/embed/122093351/122093327" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

One of the most famous restaurants in New York City serves its final meal New Year's Eve. Tavern on the Green, at the edge of Central Park, opened during the Great Depression but succumbed to the recession. New management will take over, but may have to change the restaurant's name — the old owners are fighting to keep that name.

STEVE INSKEEP, host:

And today's last word in business is last super.

One of the most famous restaurants in New York City serves its final meal tonight. Tavern on the Green in Central Park opened during the Great Depression but succumbed to the recession. The family that's been running the restaurant lost its operating license from the city earlier this year.

New management will take over, but may have to change the name. The old owners are fighting to keep that name, maybe use it elsewhere. It could be the most valuable thing that they have left.

And that's the business news on MORNING EDITION from NPR News. I'm Steve Inskeep.

(Soundbite of song, "New York State of Mind")

Unknown Woman: (Singing) I'm in a New York state of mind. I've seen all the movie stars in their fancy cars...

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