A property owner in Arkansas will not make its restaurant tenants pay rent in April during the novel coronavirus pandemic, asking restaurant owners to use the money to pay employees, instead.
3 min readEarly cases of COVID-19 are believed to be linked to a live-animal market in Wuhan, China.coronavirusYoung Investment Company, based in Jonesboro, said that instead, they ask the restaurant owners to use the money"to pay your employees and take care of your family."from the company's Facebook page posted Tuesday.
Young Investment Company owns property that houses Eleanor’s Pizzeria, Roots, City Wok, Main Street Coffee and the Parsonage. Roots Restaurant in Jonesboro, Ark., is one of five restaurants in the city that have had their April rents waived by their property owner, Young Investments. Roots Restaurant in Jonesboro, Ark., is one of five restaurants in the city that have had their April rents waived by their property owner, Young Investments.“This is a new experience for everyone," Karl Lowe, co-owner and executive chef at Roots, told ABC Jonesboro affiliateJohn Myers, co-owner and chef at The Parsonage, told KAIT that he saw a 60% decrease in attendance just this past weekend, drastically affecting the restaurant's revenue.
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