Johnny Carino’s shut down

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COMMENTS

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Sure am glad everything is okay with the economy in Grand Junction.

This is not some mom and pop restaurant, but a national chain that is struggling to make ends meet here in the Valley. It will only get worse as the I-25 corridor keeps up its war on Rural Colorado.

Who needs those jobs from mining and oil and gas. We can all work a tour leaders when the Monument becomes a National Park!

Kevin, your logic escapes me. A restaurant has financial problems and you blame it on a war on Rural Colorado? Did you know that restaurants fail whether the economy is good or bad? The failure of a local restaurant has nothing to do with any imaginary war on rural Colorado, but may have something to do with the reluctance of most financial institutions to finance restaurant businesses.
http://www.forbes.com/sites/marccompeau/2013/12/03/restaurants-dont-fail-lenders-do/

Carinos closed three other locations only a few months ago:  http://www.denverpost.com/breakingnews/ci_24418225/johnny-carinos-italian-restaurant-closes-3-colorado-locations

Although I know Kevin and others love to follow the stale breadcrumbs of the oil and gas industry “leaving” our area, please remember that it’s going gangbusters on the Eastern Slope. Same state, same regs, same everything - except there’s just a lot more O&G that can be extracted easier and cheaper. I think the much bigger issue is: $21,000 A MONTH FOR RENT FOR A RESTAURANT??????? $250,000 A YEAR????? Now, THAT’S a story, Mr. Ruland.



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