What if there was a state program that pumped money into restaurants by buying back their liquor licenses at a fixed rate and replacing all such licenses with original issue, no-value, non-transferable licenses?
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This just in earlier this morning from East Cambridge Business Association. At around the same time the Mayor of Cambridge called for closing of all restaurants, bars and non-essential business in Cambridge.
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So, as the realities of COVID-19’s spread throughout the Boston area became clear, Graffito made the call to cancel/postpone all Zone 3 events through the end of March.
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We believe it is necessary that we, as a real estate community, immediately grasp the gravity of the threat to the retail and service businesses in our projects and neighborhoods and act swiftly to accommodate as best we can, understand, and respond to inevitable requests of relief from tenants.
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We will do our best to be clear and honest, which means, at times, sharing the news we are getting in real-time that is not yet apparent to most of you.
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