NEW YORK CITY-Emerald Green needs more funding to pull off its planned re-launch of the Central Park restaurant Tavern on the Green later this year.
Philadelphia-based restaurateurs Jim Caiola and David Salama need more capital to cover operating costs once Tavern on the Green opens its doors, according to the New York Post.
“Their backer is not coming up with as much [cash] as they expected, so they are looking for extra funds,” Steven Hall, a rep for the duo's Emerald Green, says.
Emerald Green plans to open the restaurant to the public in November or December, the newspaper reports. The city is spending $10 million to restore the buildings, while Emerald Green is paying up to $10 million for interior work. See story in the New York Post.
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