Tuesday, March 24, 2009

Parkway Mothballed: 3/22/09-?

For anyone who couldn't make it, I pirated a little bit of the parting message from Kyle and Catherine. It was a sad event, but also a good party. Carne Cruda, my alma mater band, played a lively set, dancing in the aisles, silly mexican wrestling pagentry. The upshot is, they're not closing because they're burned out or moving to Idaho, they're closing because they couldn't renegotiate with their landlord for reasonable, market-adjusted rent; and with their creditors for more than two week lines to get product into the theater. When that building goes vacant and turns to blight, a strong case could be made to the city to demand the owner get it rented. Since a place that size has no chance of renting at rates from four years ago (which is the normal life-cycle of a commercial lease), Kyle, Catherina and the gang might look like real good tenants again.

The other rumor is about development, but frankly, being in and around that industry, ain't no one developing shit right now. Keep your fingers crossed, Oakland. or better yet, make some noise:


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