Continuing the week’s theme on downtown recession, today we hear news that Yancy’s, a Fayetteville Street redevelopment staple, is bankrupt. TBJ reports that this week both Yancy’s and Longbranch Saloon filed for chapter 11 bankruptcy protection. Yancy’s debt is almost $270,000 and Longbranch’s approaches $480,000.
Yancy’s has offered solid live jazz and soul and a come-one-come-all attitude. The soul-food menu is quite good and quite reasonably priced. Fortunately the bankruptcy settlement does not mean either restaurant is closing so there is still an opportunity to show your support for a struggling downtown establishment. Yancy’s is an asset to Fayetteville street and it brings a rich cultural experience to the center of downtown. Here’s to hoping it can survive rough waters.
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