Sunday, January 19, 2014

REAL ESTATE MUSIC BLUES

http://www.expressnews.com/news/local/article/San-Antonio-s-new-music-scene-5155749.php

I hate it when venues close...

This is a big issue. These venues loose their leases and big developers come in with huge project or landlords jack up the rates to the stratosphere. This is also a big issue in restaurants. Just four days ago, a great authentic Mexican eatery in Stone Oak, CIELITO LINDO (loved their Caldo TlapeƱo with three extra chipotles) was forced to close because the landlord jacked up their rates. The owners were not about to work for the landlord. And r...ight in the same retail center there is a new outstanding place called VIDA MIA. It took the owners awhile to get the place over the top and now they are sweating bullets.

Back to the music venues: same stuff happens in Mexico City. An iconic jazz club and bistro THE BLUE MONK by the Pemex Tower just shuttered their doors because the real estate owners wanted the property back for new development (This re-developed area will be known as POLANCO II). I understand business and profit, but there needs to be a middle ground somewhere...money is crushing culture.

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