50% of NYC Bars and Restaurants may Permanently Close

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.

From furloughs and layoffs to businesses forever closed, government COVID-19 restrictions are choking the economy of New York City, especially its bars and restaurants.

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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