Business owners negotiate with landlords…The staying power of restaurants in Aspen is dependent upon the willingness of landlords to come down on rents. But as the economy continues to stay flat and unemployment remains high, fewer people will go to restaurants and eventually revenues will decline.“With rents that high across the board, either there needs to be a price correction or half the restaurants will be gone,” said one restaurant owner."
ASPEN — As the end of the ski season nears, it’s anyone’s guess which retailers and restaurants will pack up and leave as part of the offseason shuffle, but a few high-profile ones are sticking it out — or at least trying to.
By Carolyn Sackariason, March 22, 2010 Aspen Times
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