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Restaurateurs with money are ready to seize the post-COVID moment
BLOOMBERG
George Etheredge/Bloomberg
Chairs sit stacked inside a closed Mexican restaurant on MacDougal street in the Greenwich Village neighborhood of New York.
In 2020, a record number of U.S. restaurants closed their doors for good. In 2021, the industry s survivors see an unprecedented opportunity.
Cash-strapped landlords are offering more concessions than ever to fill space, while the vaccine-led promise of a return to normal life and a new round of government stimulus is expected to unleash a wave of pent-up demand for dining out. That sets the stage for a spate of restaurant openings heading into next year.