Peter Robison wrote recently in a Bloomberg article details of how the falling out of Wall Street has resulted in deteriorated local business in New York City.
Buddha Bar, in New York’s Meatpacking district 20M in revenue in 2007, and now anticipates $12M. Rosa a waitress at Buddha Bar, details the spending decrease.
It wasn’t uncommon to see someone with a black American Express Co. card ringing up a $30,000 tab, said Tim Gaglio, who helped start the restaurant and bar in 2006.
The black “Centurion” card, billed as “the world’s rarest,” is available by invitation only, according to the company’s Web site.
At the peak, Rosa, 30, said she made $85,000 a year working three days a week.
“You wouldn’t see an empty chair here,” she said, surveying the half-filled lounge last week. As tips fell, Rosa stopped taking frequent trips to Miami, where she ate at the Prime 112 steakhouse on Ocean Drive, and to Puerto Rico, where she stayed at the Palmas del Mar resort.