FOX News NY reports:
The famous Stage Deli in Manhattan has closed. Visitors on Friday were greeted with a hand-written sign on the door that said "Thanks for 75 years!"
The deli, on Seventh Avenue near 54th Street, got its start 75 years ago. It was known for overstuffed sandwiches named for celebrities.
It was popular with Broadway audiences.
Co-owner Paul Zolenge says the dining landmark had been struggling for some time.
He told The New York Times that yet another rent increase was expected when the lease ended in a few months.
According to Zolenge, “Ben Benson’s closed, and Gallagher’s is closing, too.” What's with all these closing of traditional American spots?
Note that Zolenge said the rent is going up. Who is paying a rent that a famous deli can't afford? If you take a look at stores in the vicinity of where the deli operated, it's all tourist traps catering to foreign tourists. Stage Deli didn't have a chance, since it mostly catered to Americans.
A lot of the money that Fed chairman Ben Bernanke has been printing up has ended up overseas. Now, it's the revenge of the foreigners. They are visiting NYC and spending those dollars. Down go shops and restaurants in the Tines Square area that cater to American tastes, up go shops that foreigners will spend their money in.