Last days for Provecho?

The much-publicized downtown Mexican restaurant could be close to shutting down. Blogdowntown posts that Provecho's landlord has been given the go-ahead for eviction proceedings. Last month, the corporate entity that controls the restaurant and martini lounge Remedy filed for bankruptcy protection.

Building manager Anthony Khuns said today that he was sorry to see the restaurant fall on financial hard times. "They're a great restaurant and they've had a tough time," he said. "They've been good for the building." Today's ruling allows the building's eviction case to move forward, but provides no immediate resolution. For now, the restaurant remains open.

The restaurant opened in late 2008, probably the worst possible time to start any business, especially the restaurant business. Some of the other high-end restaurants that opened downtown during the recession are said to be struggling.


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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