The article did not mention anything about them seeking or getting any of the Covid assistance funding. I wonder if they sought that.
Jeri mentioned he received one of COJ's $2k grants, but that wasn't enough to pay for two months of JEA bills- nonetheless much else. Tough for a restaurant (particularly one Downtown that relies on a now non-existent lunch business) to justify PPP loans.. especially when that's not going to last you very long, you don't need to hire a full staff back given how little volume DT restaurants are seeing (you have to spend so much on staffing to qualify for forgiveness)... and its hard to see a time when Downtown's lunch business will take at least another half of a year to recover. I don't blame him for not wanting to continue to maintain that overhead, or even worse.... go into debt. That's no different than gambling in a casino using a credit card.
A PPP loan isn't going to bring customers back Downtown. The offices are empty. Even though the Barnett brought a few hundred (badly needed) residential units online, the residential population is still low. And getting people to leave their current neighborhoods to drive to an empty Downtown with homeless camps setup everywhere... isn't exactly a winning proposition.
Zodiac was one of the few places where you could grab dinner Downtown. Not only am I going to miss them at lunch, I'm most certainly going to miss them at dinner.
Jeri lives in Springfield, and has toyed with the idea of opening something in the neighborhood or another one of the urban core neighborhoods... so, hopefully they can find a second generation restaurant space where they could set up and at least be able to compete in the dinner arena (dinner Downtown is really, really bad now... and it wasn't particularly good before the pandemic).
I very much like Jeri, and hope to support him if he finds another space that doesn't have to worry about all of the problems associated with a Downtown restaurant.
I'm also saying this as a business owner Downtown that has also had to navigate that 70% drop in sales. Its tough, very tough, to want to keep going. What's really baffling, is that my trash expenses have increased this year (even with less trash and less dumpster pulls).
I know of two more Downtown that will likely follow Zodiac's lead in the next 30 days.
Pita Pit/Quiznos and Gili's (which is Downtown's hidden gem) have recently opened food trucks to help supplement the lost revenue Downtown.