All is lost!
Despite constant fears that the enduring Loeb Boathouse in Manhattan will at all times be swimming with fish, a recent contract has brought its fate out of the mud.
The temporarily submerged facility was fished from the depths of its confinement due to a 10-year deal signed on Monday.
Gothamist was the primary to report an agreement between the town and Legends Hospitality – which also operates concessions at other famous city properties including Yankee Stadium, One World Observatory and Oculus Beer Garden – providing turnkey “service provider” the power to operate a lakeside restaurant, snack bar and rental rowing boats.
In return for the privilege, the Legends must pay the town $750,000 a yr along with a portion of the marina sale.
The development is a windfall for the favored wedding venue after former owner Dean J. Poll rang the death knell last summer after increased labor and insurance costs led him to put off 163 employees and permanently close the space in the autumn.
“Our intention is to interact a future operator as soon as possible,” Parks spokeswoman Crystal Howard assured The Post on the time, but Boathouse’s future still hung within the balance.
As a part of the deal, Legends can also be liable for investing at the very least $3.2 million in various improvements to the beloved company, including restroom remodeling and connecting two outdoor patios.
Renovation is required for the landmark to reopen, which may very well be in lower than two months.
Currently, Legends is working with a June 1 deadline to finish an upgrade to the historic structure, which was first inbuilt 1873 before being redesigned and reopened in 1954.
However, that date is on the discretion of Parks officials, who didn’t specify when Boathouse would return to operations, Gothamist reported.
When it reopens, diners can expect a menu with such high-end dishes as $23 Mushroom Toast and $25 Hamburger.
