March 01, 2013 at 15:37 PM EST
“Right on schedule,” Tavern's Philly operators insist
The new operators of Tavern on the Green may be short on cash, but they are forging ahead with their work in getting the Central Park eatery reopened after a three-year hiatus. "We are quickly approaching Landmarks deadlines, which is where our focus has been; we are right on schedule," said Jim Caiola, a principle of the Philadelphia-based Emerald Group, which won the city contract last summer to operate Tavern on the Green. Mr. Caiola did not address a report Friday in the New York Post stating that the Emerald Group is seeking more funding to cover its operating expenses for when Tavern on the Green reopens later this year, although his publicist, Steven Hall, confirmed the cash shortfall in the article. The Parks Department said in a statement, "The City's work on Tavern on the Green is continuing as is the concessionaire's." Sources close to the situation said if Emerald Group is unable to come up with financing that the city would likely turn to the other bidders for the contract. The New York City-based catering firm Great Performances and City Winery owner Michael Dorf submitted a joint bid and, based on a point system devised by the city, came in second. They did not respond to a request for comment on the Tavern on the Green situation.
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