71jason
Well-Known Member
I think TDO totaly misread the market on this.
This is ultimately what it comes down to. The only reason their real estate had value to mid-level restaurants was its association with the concept of PI. And even then it was overpriced. At the same time, truly high-end restaurants have no desire to cater to guests with strollers and the DDP etc. Plus rents were too high even for them.
In the meantime, they closed the most profitable bar per square foot in the country. (That's not including the $25 cover charge.) Not to mention the most original attraction in Orlando. So we could have 4 years and counting of bad show.