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61°
Wednesday, may 29
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LoopNet
Business
Covid-
19: Beloved Performance Space For Sale - Local Orgs Lost $55 Million To Pandemic
On the heels of news that cultural organizations and artists west of I-495 have lost $80 million since the start of the pandemic, an art space for well-known local acts is closing. On Sunday, Jan. 31, Director Brain F. Hale said that The Bing Arts Center’s building in Springfield has been put up for sale. The asking price on the more than 10,000-square-foot property on Sumner Avenue is $175,000, according to LoopNet. “Unfortunately the cessation of income was not matched by a corresponding end of facility costs,” Hale said. “Our capacity to continue paying the bills is rapidly diminishing…
Business
Popular Park Road Cafe Is Closing - And For Sale - In West Hartford
Prospect Cafe in West Hartford is closing for good and the business has been listed for sale. Prospect Cafe owners, brothers Paul and Jeff Emery, announced the closure on Tuesday, Sept. 8, noting that the four-year-old restaurant had hoped to stay afloat during the COVID-19 pandemic. But that is not to be. “After much consideration, we have decided to permanently close,” they said in a Facebook post. “We had hoped to weather the COVID storm, but it has been relentless and uncertain. “Serving you has been a real pleasure.” The owners are looking to sell the business, and quickly, due to an…