03-25-2015, 11:14 AM
(03-25-2015, 10:15 AM)BuildingScout Wrote:(03-25-2015, 07:05 AM)Spokes Wrote: Potentially bad move, I agree. That being said, you've got to think they know they can get the rents they desire, or even have an agreement with a new place already.
The Record article seems to suggest they have no strategy to replace Imbibe. I'm with Rainrider22 here. This is a mistake, likely to result in a loss of revenue which the Museum can ill afford.
You may be right but THEMUSEUM is also in a difficult position. It relies on an annual grant from the City that could be at risk if councillors targeted the fact that they were charging Imbibe below-market rent. In any event, I do hope that Imbibe will relocate rather than closing down for good, although the Record article says only that its future is "unclear". If nothing else, they have shown that there is a solid market for that type of operation Downtown.