Coogans closes their doors for good...

It could be worse they could close the armory , I went to Coogans for the first time ever this past year andit was cool from the track and field standpoint but more importantly the food was actually really tasty very, it’s a real shame

ay_caramba_senor wrote:

Moo Goo wrote:

They almost closed back in 2018. $40K/month in rent. Plus the new min. wage and health care packages for all employees. Socialists kill jobs with their demands.

Pop quiz. When a landlord increases rent by $40k a month (that's 40k more, not 40k total), is that:

A. government intervention

or

B. free enterprise

Yes, rent was proposed to increase by 40K by the landlord. Coogans is going to move out because they cannot afford the rent anymore, and the landlord will rent the place to some that can afford it. That is a free market. Don't understand how "socialist" policies influenced this in any way. Most bartenders and waitresses aren't held to minimum wage and live off of tips. Sounds like there business wasn't strong enough. Thus, another will take it's place.

It's called a free market, and in this case more specifically creative destruction, which Marx worked to fix. So I think you should be upset with capitalism, not socialism.

doesntunderstand wrote:

ay_caramba_senor wrote:

Pop quiz. When a landlord increases rent by $40k a month (that's 40k more, not 40k total), is that:

A. government intervention

or

B. free enterprise

Yes, rent was proposed to increase by 40K by the landlord. Coogans is going to move out because they cannot afford the rent anymore, and the landlord will rent the place to some that can afford it. That is a free market. Don't understand how "socialist" policies influenced this in any way. Most bartenders and waitresses aren't held to minimum wage and live off of tips. Sounds like there business wasn't strong enough. Thus, another will take it's place.

It's called a free market, and in this case more specifically creative destruction, which Marx worked to fix. So I think you should be upset with capitalism, not socialism.

I'm not sure what you call the market in New York City right now but it's not a "free market".

The landlord will rent the place to someone that can afford it? Not any time soon!

The owners are both in their 70s.

It didnt close - they quit. Good luck to them.

jesseriley wrote:

NYC is showing real intelligence & flexibility in this pandemic, I see it emerging far stronger. I never knew before this that they were feeding & providing medical care for over 100,000 homeless schoolchildren, a massive investment in the future.

There are over 100,000 homeless schoolchildren in New York? WTF?

Instead of focusing on politics I’ll focus on a more positive story / memory. After the epic 2015 Wannamaker Mile showdown between Centro and Willis I remember being in the back room and Larry Rawson giving Centro and 1-2 others a formal intro when they entered the room to a large ovation. It was a great moment - and man when you hear Larry in person you realize why he ended up a commentator. That guy has a voice.

Elle Purrier went there this year after her mile record too. I’m sure the list of those doing the same is very long.

Tears and beers, sniff.

A track bar would not exist under socialism. It has no necessity. Go visit a socialist country and see how many luxuries exist or leisure activities.

doesntunderstand wrote:

Yes, rent was proposed to increase by 40K by the landlord. Coogans is going to move out because they cannot afford the rent anymore, and the landlord will rent the place to some that can afford it. That is a free market. Don't understand how "socialist" policies influenced this in any way. Most bartenders and waitresses aren't held to minimum wage and live off of tips. Sounds like there business wasn't strong enough. Thus, another will take it's place.

It's called a free market, and in this case more specifically creative destruction, which Marx worked to fix. So I think you should be upset with capitalism, not socialism.

Funny enough the free market does not work well all the time.

Over the years I have followed the Bleeker Street and it's quite interesting to see that you can only raise the rent so much until everything collapses and gets boarded up.

It's hard to imagine that another Pub moves into Coogans spot. If they can't make it way would another bar make it? That is really hard to imagine.

Jafo wrote:

You do realize there can be too much of a good thing right?

Of course you don't.

You found nothing objectionable in my post, so you went ahead and made up something? What is the point of your post? To illustrate that you've made up your mind? If so, mission accomplished.

Large corporations are better suited to handle those changes. The little guys going month to month are not situated to handle shocks to the bottom line. I applaud anyone who hangs their own shingle because it is a huge risk and takes a 100% commitment to the business.

What the socialist lovers don't understand is that to pay for all of their social programs we will be left with a few nationwide corporations managing all industry sectors. All the variety and locally owned and small businesses they love won't be able to compete with the high cost and taxes.

Absolutely true. Large corps enjoy a ton of benefits just because of scale. I even think those benefits should be tempered a good bit, to make it possible for the little guy to hang on.

But there are two separate forces at work these days. First, what was discussed above: the economies of scale generally help the big guy, and the big guys also have a larger reserve of assets to survive thin times. Second, it is in a large corporation's best interest to try and affect their own regulatory environment through lobbying. When it comes to large corps altering the environment to make it more favorable for themselves, the dynamic is absolutely effed.

Runner10287 wrote:

Large corporations are better suited to handle those changes. The little guys going month to month are not situated to handle shocks to the bottom line. I applaud anyone who hangs their own shingle because it is a huge risk and takes a 100% commitment to the business.

That's why Boeing asked for $60 billion bail out money straightway.

I guess they are one of the little guys.

Not true

Just saw this commercial on TV for Facebook featuring Coogan's

https://www.ispot.tv/ad/neOT/facebook-survive