[jeena]

Originally Posted by JayCT

Most millennials have not had the ability to enjoy gambling yet because of the economic downtown that happened back in 2008. Only now are they beginning to get decent paying jobs and doing the things money will allow them to do like start families, buy homes and spend on entertainment. Jay

NYC high-end restaurants are disappearing from the high cost of doing business in NYC. The milleniials with low paying jobs are staying home more often and that trend is expected to continue for a decade! The milleniials aren't interested in the "restaurant experience", they would rather just pick up food and take it home. The middle of the road restaurants like Olive Garden, Applebees, Chili's, TGIF are also in trouble because when they try to raise prices, their customers stay home. If Friendly's in Danbury closes I would be extremely disappointed, their cinnamon bun pancakes are to die for, and they are half price during the week, no wonder these places are struggling to stay open.

[JayCT]

Originally Posted by jeena

NYC high-end restaurants are disappearing from the high cost of doing business in NYC. The milleniials with low paying jobs are staying home more often and that trend is expected to continue for a decade! The milleniials aren't interested in the "restaurant experience", they would rather just pick up food and take it home. The middle of the road restaurants like Olive Garden, Applebees, Chili's, TGIF are also in trouble because when they try to raise prices, their customers stay home. If Friendly's in Danbury closes I would be extremely disappointed, their cinnamon bun pancakes are to die for, and they are half price during the week, no wonder these places are struggling to stay open.

I am not sure I agree with this observation. I know several New York millennials and they are always posting photos of them out and about at some trendy new bar or restaurant. In my travels to New York, there does not appear to be a shortage of bars and restaurants to visit and young people to fill the seats. The same thing is happening in major cities across the country including Boston, Hartford, New Haven, Norwalk and Stamford.

I will say that the days of true fine dinning (white table cloth) are waning as millennials are sticking to more casual restaurants. Even venerable places like Hartford's historic Max Downtown are changing to a more casual/comfortable dinning experience. Jay

[mdovell]

Originally Posted by acornsower

Interesting that Springfield, MA gets a billion-dollar MGM casino and Bridgeport--with ready access to the New York City, Long Island, and Fairfield/Westchester County markets--warrants only a [i]half[i]-billion dollar facility. Also, Springfield, as the host city, will receive payments of $25 million a year, and the proposal calls for Bridgeport to be paid only $8 million.

You have to remember that developers bid on where. The process took quite awhile and the first company Ameristar walked away after spending 10 million demolishing the old westinghouse plant.

The mass gaming commission has a slow process although it does tend to vett things out. These agreements take awhile.

[BPt111]

Originally Posted by RunD1987

Be cool if the Bridgeport Harbor had a luxury movie theater, Dave and Busters, Baseball team, hockey team, music venue, outlet mall, luxury hotel, luxury apartments, river walkway, adult bowling venue, Native American run Casino, FastTrack Bus Service to New Haven and Waterbury, and ferry/train access all in one location.

Bars and clubs like New Haven. New Haven right now has best nightlife in CT

[Stylo]

Originally Posted by jeena

NYC high-end restaurants are disappearing from the high cost of doing business in NYC. The milleniials with low paying jobs are staying home more often and that trend is expected to continue for a decade! The milleniials aren't interested in the "restaurant experience", they would rather just pick up food and take it home. The middle of the road restaurants like Olive Garden, Applebees, Chili's, TGIF are also in trouble because when they try to raise prices, their customers stay home. If Friendly's in Danbury closes I would be extremely disappointed, their cinnamon bun pancakes are to die for, and they are half price during the week, no wonder these places are struggling to stay open.

No way. What you’re saying is the excuse that failing restaurants are now using.

GOOD and interesting high end restaurants attract foodie Millenials who are much more passionate about food than previous generations. A sign a neighborhood is gentrifying is trendy restaurants and coffee shops opening, not closing. That’s driven by urban Millenials with spending power, as is the increased inferest and success of cities in the last 10 years.

The high end places closing are either not adapting to modern tastes or are offering an inferior experience.

Speaking of inferior, those restaurant chains are crappy unhealthy processed reheated fast food masquerading as restaurants. That's why they're failing. Their favorite scapegoat is delivery and home cooking, which is laughable. Millenials eat out more than any previous generation. They don't want to face it's their crappy product that's the problem. Easier for the board to swallow that it's "demographic shifts". Total BS.

[ads94]

Originally Posted by Stylo

No way. What you’re saying is the excuse that failing restaurants are now using.

GOOD and interesting high end restaurants attract foodie Millenials who are much more passionate about food than previous generations. A sign a neighborhood is gentrifying is trendy restaurants and coffee shops opening, not closing. That’s driven by urban Millenials with spending power, as is the increased inferest and success of cities in the last 10 years.

The high end places closing are either not adapting to modern tastes or are offering an inferior experience.

Speaking of inferior, those restaurant chains are crappy unhealthy processed reheated fast food masquerading as restaurants. That's why they're failing. Their favorite scapegoat is delivery and home cooking, which is laughable. Millenials eat out more than any previous generation. They don't want to face it's their crappy product that's the problem. Easier for the board to swallow that it's "demographic shifts". Total BS.

I can attest to this. Most of the millennials I know eat out a lot. It's not the take away crap either, only in a pinch. The failing chain restaurants offer bad food and bad prices. If I wanted to eat crap I'd spend less and throw together a processed plate of grease in my kitchen.

[Stylo]

Originally Posted by ads94

I can attest to this. Most of the millennials I know eat out a lot. It's not the take away crap either, only in a pinch. The failing chain restaurants offer bad food and bad prices. If I wanted to eat crap I'd spend less and throw together a processed plate of grease in my kitchen.

Exactly.

I'm a Millenial that eats out a ton and many friends and colleagues are the same. Especially in the 25-35 range. I would never eat at one of those chains unless I was in the middle of nowhere with no other options

[JayCT]

Originally Posted by Stylo

Exactly.

I'm a Millenial that eats out a ton and many friends and colleagues are the same. Especially in the 25-35 range. I would never eat at one of those chains unless I was in the middle of nowhere with no other options

I could be wrong but I think that they were referring to the old-fashioned high-end formal white-tablecloth type places. They want a more casual atmosphere. You are definitely correct that millenials do not want the unhealthy processed garbage they serve in most chains. Organic farm-to-table is the hottest trend. Jay

[Stylo]

Originally Posted by JayCT

I could be wrong but I think that they were referring to the old-fashioned high-end formal white-tablecloth type places. They want a more casual atmosphere. You are definitely correct that millenials do not want the unhealthy processed garbage they serve in most chains. Organic farm-to-table is the hottest trend. Jay

Yes, the places with white tablecloths that require you to wear a suit and have menus straight from the 90s are definitely dying. But non-casual fancy restaurants can still thrive if they have adapted and have the goods to match. Case in point, try getting reservations at any 2-3 star Michelin restaurants. Very very hard. They're mostly pretty formal and still largely popular.