Town Sports International is in talks with its lenders to refinance a loan coming due this fall as its cash flow and liquidity continue to tighten, the company said in a regulatory filing Tuesday. The gym owner and operator said it doesn’t have enough cash on hand to repay the debt when it comes due in November.
The company missed a payment on its revolver last month, violating terms of the debt. Lenders could send the company a notice of default and demand immediate repayment of all obligations, but none has done so yet, Town Sports said in the filing.
New York City is facing record low Census response rates, especially in low-income areas and communities of color. For every 1 percent of the population missed in the 2020 Census, New York City could lose nearly $7.3 million in federal funding for public education.
With the next Census 10 years away, that means more than $70 million dollars that our city’s public schools could be deprived of over the next decade, with more than $4 million dollars lost to NY-12 alone. A 1 percent undercount also means NYC could lose $3.7 million per year for critical jobs programs. That’s nearly $40 million lost over the next decade for services like career counseling, mentoring, and apprenticeship.
Spearheaded by the #WeMakeEvents coalition, the #RedAlertRESTART campaign seeks to bring awareness to the dire situation live music faces if Capitol Hill does not supply support for venues that have been shuttered since mid-March in order to slow the spread of COVID-19.
Pop’s Eat-Rite is a plant-based fast service burger joint, opening on St. Mark's Place in September 2020. We will serve a classic smashburger, made using Impossible Meat. Our meatless menu is our updated take on a classic burger stand, with fries, veggie sides, vegan donuts, soft-serve, smoothies and frozen lemonade and will be entirely free of animal products.
Pop’s was born from the idea that the landscape of the restaurant industry has changed suddenly and like never before. In these times we want to offer our neighborhood a convenient, responsible product at a fair price...
On June 2, at approximately 1 a.m. our 14th Street location got broken into and robbed. After business being closed for almost 8 weeks due to the current pandemic this strains our financial situation even more.
This restaurant is our home away from home, our provider. Not only to us but to our Family and Friends who have been with us since the very beginning. Our hearts are shattered with the realization that we could potentially close down permanently.
The pan pizza "is terrific — the crust dark and crackly around the edges, the tender crumb boasting the kind of webby, widely inscribed holes that hint of long fermentation. Manco attributes its texture to high-hydration dough that lazes about developing flavor for a whopping 96 to 110 hours, and the blend of flours he uses: wheat, soy, rice, and semolina."
