Holiday Spending, Patriots’ Outlook, and Weston’s New Dining Destination

On today’s program, we speak with Mike Nichols president of the downtown business alliance about an improving business climate. Don Seiffert managing editor of the Boston Business Journal talks about holiday shopping. Skip Perham of the Suffolk University of Sawyer School of Business outlines a brighter outlook for the New England Patriots and associated businesses. Mike Marshall of Marshall Wealth Management explains the impact tariffs have on your retirement plan and finally Brian Puccini owner of Boston Chops steakhouses shares details of his new business venture in the town of Weston.

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Episode Transcript

Speaker 1 (00:00):
This is the New England Business Report with Joe short
Sleeve and Kim Carrigan, a weekly round up in discussion
of the top business news impacting our New England economy.

Speaker 2 (00:10):
And good morning and welcome to the New England Business Report.
Joe short Sleep and Kim Kerrigan with you on this
Sunday morning, November the sixteenth. We have a lot going
on yet, Kim, I'm looking at the calendar.

Speaker 3 (00:22):
What is it?

Speaker 2 (00:23):
Five weeks now to Christmas? I want to tell you
I did. I finally started the Christmas shopping and I
assume you are well on your way. I don't.

Speaker 4 (00:33):
I have not purchased a single gift now a single
gift has been purchased in the Karragan household.

Speaker 3 (00:38):
Oh you over the summer you said you were buying stuff.

Speaker 4 (00:40):
Well, I'm feeling a bit pant Oh gosh, now that
you've just said that, maybe I have bought some and
I forgotten.

Speaker 5 (00:48):
I'm about checked by attic. Oh.

Speaker 2 (00:51):
Well, I don't know about you, but you know there's
We're gonna be talking with Don Seiffer, managing editor of
the Boston Business Journal, and he talks about how Bostone
are spending less This Christmas. Yeah, you know, I think
I fall into that category. I think I'm you know,
I'm not trying to you know, break.

Speaker 3 (01:07):
The bank this year.

Speaker 4 (01:08):
You know, I kind of feel the same way I've been.
Of course I have adult kids and whatever. But we've
all been talking about more money on experiences and maybe
less under the Christmas tree, which I think you've got
little ones in your life, so that's a little bit different.
But you know, we get a little older, everybody wants
to just do stuff.

Speaker 2 (01:28):
You know, those six year olds, they're not really interested
in the restaurant gift card, you know what I mean.

Speaker 6 (01:31):
I'm sure they're not.

Speaker 2 (01:34):
You're right, Okay, So today we're going to be talking again.
As I said, Don Side for the Boston Business Year
in one of the headlines is that, you know, Bostonians
are cutting back like three percent. But I guess that's
doing well, Kim, compared to the rest of the country.
They're saying that the wrest of the country's back is
cutting people cutting back ten percent. Yeah, so we can
get kicked out around a little bit. And I remember
Kim and we were doing the business radio program on Bloomberg.

(01:55):
I'm sure you do, and we had Jim Rooney, president
of the Chamber of Commerce, on one day, I think
it was in late twenty twenty two or early twenty
twenty three, and he started talking about business owners downtown
and how uneasy they felt about what was going on
with crime.

Speaker 5 (02:09):
You remember that, Yeah, absolutely, I do.

Speaker 2 (02:11):
So it's been an ongoing issue, and so we're going
to have Mike Nichols, president of the Downtown Business Alliance,
on the program today and Kim, he's singing a brighter tune.

Speaker 3 (02:20):
He says that things are getting better.

Speaker 4 (02:21):
Yeah, he certainly is. You know, Joe, you and I
were working in downtown in an area that was seeing
a little more crime and a little more violence, if
you will, right there, you know, in that just off
the financial district, and that got a little scary there
for a while, you know, when we were walking it

(02:42):
was after dark and whatever. So I'm going to be
anxious to hear how things are starting to fill in
and hear what he has to say, because it's important
to people who work there, it's important to people who
live there. Hey, Joe, how about them patriots.

Speaker 3 (02:56):
I'm completely sucked in.

Speaker 2 (02:57):
In case you wanted, I went off the bandwagon, you know,
and now I'm like, look out, I got to watch
this game and watch that Buccaneers game.

Speaker 5 (03:07):
Oh boy, you know what they call people like us.
Don't you have fair weather friends? Because we're all back.

Speaker 3 (03:13):
But yeah, but Skip's going to be along and I
think that should be interesting, right.

Speaker 4 (03:17):
Absolutely, we're going to talk to him about you know,
it always means something for the business of sports when
you have a team that's starting to do really well.
Mike Marshall of Martial Wealth and Management is also going
to be our guest this morning. He lets talk about tariffs.
You know, here we are in the fourth quarter and
uncertainty has been the name of the game for everybody,
but wow, has it been an uncertain time for retirees.

(03:37):
So he's going to talk about the impact of tariffs
and some of what could happen and might not. You know,
it's now moving through courts. They're trying to decide if
in fact these tariffs are even legal. So it'll be
an interesting conversation with Mike Marshall. We're also going to
be talking to a restaurant owner who has some fabulous,

(03:58):
very popular restaurants ready and now has decided to step
out and to start a restaurant in Weston, your old
stomping ground, my old at the Josiah Smith Tavern. I
want you to talk about this more because you know
more about this than I even do.

Speaker 2 (04:15):
Well back in what the I guess they have in
the nineteen twenties, it was a tavern, right and then
of course the Prohibition came and Weston became a dry town,
and the Josiah Smith Tavern just sort of sat there.

Speaker 3 (04:25):
It was like an event space that you know, some
people used.

Speaker 2 (04:28):
I might have used it for my fortieth birthday party
one hundred and fifteen years ago. But yeah, so all
of a sudden, I know it For years and years
and years when I lived there, they always kicked around
the idea of reopening it and getting a liquor license,
but since Weston was a dry town, it wasn't that easy.
But they finally got the green light, and Brian Pikini
is going to open a restaurant there, hopefully in the

(04:49):
summer of twenty twenty six.

Speaker 6 (04:51):
I know, it's very exciting.

Speaker 4 (04:52):
So we're going to hear all about that as well
as listened to Brian's take. When it comes to the
economy and the restaurant business has been impacted.

Speaker 5 (05:01):
But first this morning, here's a question for you, Joe.

Speaker 4 (05:04):
Is Downtown Boston as safe now as it was before
the pandemic? Our next guest is working really hard to
make sure. The answer to that question is yes. Mike
Nichols is the president of the Downtown Boston Alliance business group,
and Mike gets great to have you. Thanks for joining
us this morning.

Speaker 7 (05:19):
Thank you for having me you bet, I know that.

Speaker 4 (05:22):
You've been working with a group of leaders in the
city to ensure the fact that downtown Boston is safe
for not just those who work there, but those who
live there, those who want to come down for social purposes.
So I'm going to pose this question to you. Is
Downtown Boston as safe now as it was prior to
the pandemic?

Speaker 8 (05:39):
Short answer is yes.

Speaker 7 (05:41):
You know that there while there could be a few
less people certain times, certain days than there were, the
statistics all show that downtown is totally safe. And actually
we've had a really terrific year this year. You know,
most crime categories are down significantly this year to last year,
and people kind of put themselves in this post and
pre pandemic mindset, but that you know, I think the

(06:03):
evidence shows that downtown is much safer now than it
was five and ten and fifteen years ago. And yet
while one off issues happened, we still feel pretty good
about the current state of affairs.

Speaker 2 (06:12):
Well, Mike, tell us what's working. What's the magic potion
here that's making the difference.

Speaker 8 (06:18):
You know, there's a bunch of things.

Speaker 7 (06:19):
But you know, this year, in particular, there was far
more public private partnership than I think there was last
year and in other years. And so you had the police,
you had the DA's office, you had the city, you
had the residence, you had the business groups you know
aligned this year, and there was a lot of emphasis
around shared activation and environmental changes, infrastructure lighting, and really

(06:45):
just I think all of us looking after the spaces
where you know there has been at times issues.

Speaker 9 (06:50):
In the past.

Speaker 4 (06:51):
So I think we're all on the same page. I
think what we can attribute maybe that spike for a
while was the fact that there were very few people downtown,
or certainly less than prior to the pandemic. What do
you think about people coming back downtown. I know there
are more there than there were, certainly when Joe and
I were working down there through the pandemic, But you know,

(07:13):
are people coming back, and is the city and the
state doing the things they have to do to make
sure that happens.

Speaker 7 (07:19):
Yeah, I mean, you know, it's always a tough thing
to try and call a bottom. But for me, the
bottom was a year and a half or two years ago,
where you know, foot traffic was grudgingly coming back, where
companies had not returned to their office workers, where there
were a bunch of empty storefronts. You know, we've now
had five quarters in a row, so a year and

(07:39):
a year and a quarter where there's more people using
office space than there were you know, at the same
time a year earlier. And in retail, vacancy has been
cut in half of the last two years. We've had
sixty sixty new businesses open in the last two years, downtown,
fast casual food, full scale restaurants, retail, you name it,
experiential activities. And so, you know, it feels like, you know,

(08:04):
entrepreneurs and businesses are willing to understand that there is
a new normal. There's been a reset. You may have
people work a little bit more often from home than
certainly before the pandemic, but that it's a good time
to come back into the market.

Speaker 10 (08:16):
That you know, the.

Speaker 7 (08:17):
Availability of space. Perhaps the price came down a bit
because of COVID, but that people are back now, and
so it does most days downtown today it feels like
it did before the pandemic. Maybe not truly the exact
same number of people, but people are back. It's lively,
there's things to do, there's places to eat, so we
feel good about things. I think we might always hope
that government, state and city leaders do more, will always

(08:40):
advocate for that. I do wish more of the state
and city workers. You know, we're back four and five
days a week. Fully, fully, I think I think many
are back far more than they were before as well.

Speaker 11 (08:50):
That might be one.

Speaker 7 (08:51):
Thing we'd like to see a lot of the state
government office contracted after the pandemic. We think some of
that should really come back, which which would be good
for constitution and to be able to reach their government
a bit more easily in real life, in real person transactions.
But overall, things I think feel pretty good.

Speaker 3 (09:09):
Mike.

Speaker 2 (09:09):
I'm looking at an article the Boston Globe written by
John Cesto, and the headline being is Downtown business coming back.
Business leaders are hopeful safety improvements will help. Interesting data
point Chesto discusses in this article. I believe that you
shared with them, and it has to do with those
empty storefronts. Share that data with us.

Speaker 7 (09:29):
Yeah, So we had probably as much as one hundred
and ten vacant storefronts at this time about two years ago,
and we're down to only maybe about sixty five now,
two largest vacancies in all of downtown from a retail side.
What many of us know is the old Barnes and Nobles,
which is on Washington Street, have been closed for maybe

(09:49):
fifteen or twenty years. Finally, now a long term le
signed by a major international retailer in Unique Low. Our
second largest vacancy just down the block, signed of recent
assigned a Japanese department store. And so, you know, the
big stuff, the stuff that kind of was nagging for
us in some ways, has leased up. We're down to

(10:09):
maybe just two or three vacant storefronts on the entire
stretch from City Hall to Chinatown on Washington Street, sort
of our high spine of retail for downtown, and we
are just down to our last couple of vacancies and
feeling very very good about the fact that that people,
you know, that companies are taking that chance on opening

(10:30):
a storefront downtown, filling up these spaces and bringing you know, workers,
in activity and vibrancy back to the downtown.

Speaker 4 (10:36):
So, Mike, let's talk about the future downtown and what
are some of the plans for this continued growth to continue.

Speaker 7 (10:44):
Yeah, there was a hard one recent zoning change. Zoning
might be about the least sixty thing to talk about,
but there was a big zoning change recently to imagine
the future of downtown to in particular, take a housing
first approach. I think, you know, most of the central
business districts in our country, like downtown Boston, were overweighted

(11:05):
towards office space and didn't have enough of that kind
of workplay you know and visit atmosphere, live work play
atmosphere that would make a place successful. And so we
realized that we have to both you know, adaptively reuse
buildings and change them from an office use to something
you know, higher and better, hotel, residential, you know, other

(11:27):
other forms dorm. So there are ways that I think
take our built environment with the new zoning and actually
bring Boston forward while allowing for heightened density in inappropriate
places like on top of our entire Regions transportation system
here in downtown crossing, and so you know, we're excited
about what that will mean. I expect two or three
major filings of real estate projects over the next year

(11:51):
where private investment will come into the downtown and propose
significant scale either mixed use or resident heavy building projects
to bring more people here, to support our small business,
to give workers a shorter commute to work, and to
really kind of revitalize some of the some of the
blocks and corners of the downtown with with structures that
are just underutilized today.

Speaker 2 (12:12):
You've touched upon it a little bit there, Mike, But
what is the business profile of downtown Boston? I mean
the percentages I mean in terms of you know what
percentages is retail or restaurants or medical or you know, residential.

Speaker 7 (12:26):
Yeah, so, I mean, you know, one of the good
things about being sort of so central is that we
have a little bit of everything. And at the same time,
I think we are probably historically a bit overbuilt for
office at the moment, and so are trying to load
in more housing. We've got, you know, somewhere like six
to eight thousand units of housing downtown right now. A
ton more being being proposed in the pipeline as soon

(12:48):
as I noted. You know, but seventy percent of the
people on our streets each day are visitors that are
neither residents or office workers. And I think that's surprises people.

Speaker 10 (12:56):
So that that's seventy.

Speaker 7 (12:57):
Percent our tourists, you know, domestic and international, our theater visitors,
our diners, our students, our shoppers, you know at you know,
both our big box retail and our in our small
independence shops. And so seventy percent of the people that
make a trip into our neighborhood each day, and that's
something like seven hundred thousand people a week coming to

(13:17):
downtown crossing in a financial district are doing so for
reasons other than because they live there or they work there.
And I think that's an audience that we keep trying
to cultivate with events and activities and art exhibitions while
also identifying the kind of retail that will make a
destination visit. So much of the retail in downtown, certainly
a lot of people know Macy's, Primarkels. Maybe we've got

(13:38):
those recognizable brands, but we've worked really hard at loading
in you know, new small independent you know operators from
from the region to open a storefront in downtown that
you can't find somewhere else.

Speaker 11 (13:52):
Eve More.

Speaker 7 (13:53):
Hat Design, for example, just had a grand opening this week,
a phenomenal you know Hat Design studio located in downtown crossing.
You can't find that anywhere else in our region. And
so you know, we're starting to see that paying dividence
for people wanting to make more destination trips into the neighborhood.

Speaker 4 (14:08):
Mike Nichols, it's exciting and good news coming out of downtown.
We very much appreciate you sharing it with us. All right,
Still come in your way. Shoppers in the area may
be rethinking how much money they are spending this holiday
thanks to these economic uncertain times. We're going to chat
with the folks over at the BBJ coming up next
on the New England Business Report.

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You are listening to the New England Business Report on
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Too and welcome back to The New Wingo Business. Report
on This sunday, Morning november, Sixteen Kim kerrigan says she

(17:27):
hasn't started Her christmas. Shopping you, KNOW i don't, Know,
kim IF i believe, that you, KNOW i want to
see the, garage she's gonna.

Speaker 4 (17:33):
Say you're making me, go oh, gosh MAYBE i. HAVEN'T
i got to look For, well you.

Speaker 2 (17:39):
Know there's a survey out By, deloitte and it's a
headline on THE, bbj The Boston Business, journal suggests that
we're going to spend less This christmas. Year let's bring
in the manager together of THE bbj On Don. Cipher
don welcome to the, Program. Sonna we're gonna keep our
money in our pocket This.

Speaker 8 (17:55):
Christmas, well that's What deloitte is, saying that people probably
be a little bit more frugal of this holiday season
than last. Season they put out a their annual survey
that you, know talks about nationwide spending Versus boston, spending
and they're predicting that both are going to go down this,
year largely because of just economic, uncertainty which we've all

(18:19):
heard a lot about the last couple of. Months it
said that in The boston area they're expecting spending to
go down about three percent that the average or average
household will SPEND i think ninety three dollars is what
they are what they're, predicting and that's down three percent
from Previous.

Speaker 4 (18:39):
Yeah and, nationally that's a big.

Speaker 8 (18:43):
Number, yeah, yeah that's WHAT i, mean that's that's actually
better than the national the national. Average so so you,
know even with a three percent, Decline boston would be
doing better than everybody.

Speaker 10 (18:55):
ELSE i did.

Speaker 8 (18:57):
Look at last year's and last YEAR i predicted that
it was gonna holiday spending would go up about two
point three to three point three and it actually went
up about four, percent so more than they. Predicted but who,
knows what's you, know what's gonna happen this. Year hopefully
it'll it'll not be quite that much of a.

Speaker 2 (19:16):
Decline, well you, Know, donald what do you think personally
of that that predicted decline of three? Percent you, KNOW
i know, Myself i'm, thinking you, KNOW i might save
a few pennies just this time.

Speaker 8 (19:26):
Around, yeah, DEFINITELY i, MEAN i, mean we are definitely
not going to be spending one thousand and ninety three
dollars an but but, YEAH i MEAN i think that
that a lot of people are probably thinking that around around.
NOW i, mean you, know the. TARIFFS i think retailers
have largely kept the tariffs from seeping into cost increases

(19:50):
to the consumer for much of the past. Year AND
i think that's starting to change. That you, know we've
we've seen costs now starting to go. Up inflation is
starting to go, up and and people are start the
notice that and worry that that you, KNOW i think
keeps on going, up then we might have to tighten
tighten the.

Speaker 4 (20:06):
Wallet so according To, deloitte there's gonna be a friend
in your in your corner to help you find the best.

Speaker 6 (20:15):
Deals that BEING.

Speaker 8 (20:16):
Ai, yeah, yeah that's that's a new thing That deloitte
looked at this. Year and it's just you know that
by the explosion and use OF ai over the past,
year you know, this this is probably people logging on
to chat ebt and, saying find me the best deal
on running, shoes find me the best deal on whatever
whatever presence they want to get for the relatives or

(20:38):
kids or. Whatever that's that's that's gonna be a big
factor this. Year and and AND i am curious to
see how that's gonna affect, retailers how that's gonna affect you,
Know amazon and you know and everyone else is online.
Shopping that that will probably be a big change for
for consumers in the tea in the next few.

Speaker 2 (20:57):
Years, yeah and cheeping into every part of everybody these daily.
Lives so no surprise. THERE i guess another headline on
THE bbj, here as we talked With Don, seifert the managing,
Editor this one is voters to weigh in on Turning
Cape cod golf course into giant solar panel. Array AND

(21:17):
i guess this has been going on for a number of,
years Right.

Speaker 8 (21:19):
Don, yeah this is a it's a golf course In
Salmouth Country. CLUB i guess the owners begin in twenty
nineteen looking for a new. Use we don't want to
run this as a golf course. Anymore they tried to
find buyers and ultimately said we can't find anybody who
wants to run it as a golf course. Either this
is a very old golf. Course it's almost one hundred years.

(21:42):
OLD i think It it opened in nineteen twenty. Eight
so they had two. Options they said it was either
going to be housing or it was going to be
used for a large solar. Array and it sounds like
the solar array went. Out PROBABLY i assume that that
the local residents had something to do with that that

(22:03):
they would prefer you know. THAT i think a lot
of them will prefer that to remain a golf. Course
but if you're going to choose between housing or solar,
array probably solar array is a little bit more. Palatable
so so voters In, falmas that town meeting in Uh
and on the, seventeenth are going to be voting whether
to approve this plan or.

Speaker 4 (22:22):
Not and if they would approve, it what are we talking?
About how much solar power could come out of?

Speaker 8 (22:28):
THAT i don't know exactly how much it's going to,
be and it's going to be fifty seven acres of
SOLAR i, mean, uh you, know so Uh AND i
assume the companies that will run it would just put
it into the. Grid it wouldn't go you, know siftly
or anything like. That but but you, KNOW i, mean
like you, know solar solar power is obviously gaining gaining some,
traction even though clean energy has kind of hit a

(22:50):
lot of hurdles over the last few. Years so so,
YEAH i, mean if it's assuming that this that this
goes as, well then that'll you, know it'll it'll be
somewhat of a you, know a boost to the energy,
grid and you, Know falmouth residents will at least probably
prefer to have a solar. Array and they also get

(23:10):
some other things out of, it LIKE i think of
a water study and and some other some like trails
and stuff in the area to kind of preserve the
nature to some.

Speaker 2 (23:20):
Extent the headline of the J bbj and of course
it has your name and face right on, It Don,
Seifer Managing, editor it's a it's a report income tax
cut might not hurt state revenues as much as. Claimed
it's a proposed ballot question would cut The massachusetts income
tax from five to four. Percent AND i guess what

(23:40):
they're predicting that the world's going to end if that.

Speaker 8 (23:42):
Happens, well, YEAH i, mean you, know, yeah this is
a ballot. Question it's not even going to be on
the ballot necessarily for next. Year they've still got to
collect the, signatures they've got to get it certified and.
Everything this is one OF i think more than forty
proposed ballot, questions but it's already collected or already attracted
criticism from people who are worried about state. Clients so

(24:04):
the executive director of The Pioneer institute is a guy
Named Jim. Sturgis he is the signatory on this ballot.
Question but you, know The Pioneer institute is a research you,
know you, know financial fiscal research, firm itself a. Nonprofit
so they decided to put out a list a study
looking at the last time that we lowered the income tax,

(24:27):
rate which was actually in two thousand and one when
it was lowered from almost six percent to about five,
percent so very you, know very similar to what is
being proposed for this. Year and they just, said, hey let's,
look you, know before before people make predictions on what's
what's happening or what you, know what might happen with,
this then let's look what happened last. Time and their

(24:48):
findings was, that, uh you, KNOW i think the prediction
was maybe four or five billion dollars that the state
would be down within four. Years that it never. Happened
so it was what they found is that the first
year after uh you know it was the tax cut
went down and measures by about a third of a
percent every, Year so the first third of a percent

(25:11):
tax revenues actually went.

Speaker 9 (25:12):
Up to the.

Speaker 8 (25:13):
State the next, year it did decline, substantially but but you,
know in their analysis they said that was more due
to the loss of capital gain SATs because of the
dot com bubbles crashing than really because of this income tax,
reduction and then in the subsequent years it slowly started
to go back up. Again so you, know the argument

(25:33):
is basically, saying, like, listen people are going to make
a lot of predictions about what's going to happen to state,
finances but it's the good chance it won't be as
bad as people are predicting because.

Speaker 4 (25:43):
Last, time, Well, joe we know you're not supposed to touch
lawmaker's money up there On Beacon.

Speaker 5 (25:48):
Hill don't do.

Speaker 6 (25:49):
That don't do.

Speaker 2 (25:50):
It it can be in big. Trouble, yeah He's Don.
Cipher he's the managing editor of The Boston. Business y're
it only is a regular visitor here on the. Program,
okay well you know, What, hey have you heard about
The New England?

Speaker 3 (26:04):
Patriots what they're up?

Speaker 11 (26:05):
To all of?

Speaker 2 (26:05):
Them i'm, Sorry i'm sure everybody on the planet's talking about,
them all the national. Announcers oh, boy things, change, right
you win a few games and all of a, sudden
everybody's talking about.

Speaker 3 (26:15):
You it's the business and.

Speaker 2 (26:16):
Sports we'll have that conversation coming up from The New Englandusiness, Report, Cool.

Speaker 1 (26:24):
Kim And joe will explore more business news that impacts
Our New england economy when they.

Speaker 14 (26:28):
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Speaker 14 (27:25):
Com are you a brother or sister of one of
Greater boston's local trade unions and finally thinking about getting
ready to hang up your tools after thirty five years
of working your. Tailoff, congratulations you worked hard to build
your retirement nest. Egg but now? What let me help
you break through the nonsense and financial speak so we

(27:46):
can get to the questions that are important to. You
as you, know nothing gets built without a set of,
plans and neither will you a financial. Future my name
Is Mike, Marshall president AND ceo Of Marshal Wealth management
and creator of The Marshall, plan a, comprehensive customized plan
that will help you answer important questions in all seven key.
Areas you don't have to do it. Alone there is

(28:07):
no cost or. Obligation call us at eight five seven
three four two ten. Thirty that's eight five seven three
four two ten. Thirty well check us out online At
marshallwealth Dot, Com marshall with two L's marshalwealth Dot.

Speaker 15 (28:21):
Com advisory services offer Through Capital analysts Or Lincoln Investment
Registered Investment. Advisors securities offered Through Lincoln Investment Broker dealer MEMBER, FINRA,
Sipc Lincoln investment Dot, Com Marshall Wealth management and the
above firms are independent and not.

Speaker 4 (28:30):
Affiliated welcome back everybody to The New England Business. Report and,
remember in just a moment we're going to be talking
To Skip kerman about the business supports for our. PATRIOTS i, mean, Honestly,
joe would you have bet on them In?

Speaker 6 (28:46):
August?

Speaker 2 (28:46):
No, no you, Know and looking some of the stats
that he has come up, WITH i, guess, Uh drake
may number two second IN mvp odds according TO Usa.

Speaker 3 (28:57):
Today. WOW i.

Speaker 4 (28:58):
Said he's such a humble kid. Too it's just really
hard not to look at him and smile really, big you. Know,
yeah he's a lot of fun to. Watch, so and
this team's just getting better and. Better that's WHAT i.
Love as the season's going, on they seem to be
getting better and. Better, Right so at this time of the,
show we like to take a look at maybe a
headline that you missed. Him and this is When i'm
not sure you, missed BUT i just think it's worth chatting.
About On, wednesday THE Us mint In philadelphia pressed the

(29:23):
final penny that will be, produced.

Speaker 3 (29:29):
Got a lot of.

Speaker 5 (29:30):
Coverage well, yeah and that.

Speaker 4 (29:32):
That last penny is not going to be. Circulated they're
gonna auction. It off, apparently so That lis but he's
gonna be worth a. Fortune, well somebody broke down that
what have cost to make a?

Speaker 5 (29:42):
Penny that's WHAT i was just gonna.

Speaker 4 (29:43):
Say it's three more than three cents to produce a
one cent, penny so they. ANTICIPATE i, mean this is
kind of save taxpayers billions of dollars a. Year but
what's so, Weird joe is take a minute and think about,
this you. Know so WHEN i pick a penny up
off the, ground the first THING i do IS i
look to see what the date is on. It there

(30:05):
will be none after twenty twenty, five, Right and that's
so we.

Speaker 5 (30:10):
Lived we lived to see the last, pennies which is
kind of, crazy, right to see the last.

Speaker 3 (30:16):
Pennies, YEAH i kind of feel like that every, year.

Speaker 8 (30:18):
You know WHAT i.

Speaker 4 (30:18):
MEAN i just don't want it to be my last.
Penny oh, Boy i'm. Hoping but, yeah it's a monumental
moment really in the. World the last penny was minted On, wednesday.

Speaker 2 (30:31):
And, kim we do love to talk about the business
of sports on this program as, well and of course
everybody in the country is talking about The New England.
PATRIOTS i have to wake up. Myself sometimes the record
is so much better this year than the previous. Years,
Yeah i'm back on that. Bandwagon by the, way let's
bring In Skip. Perham he, is of, course The Sports

(30:52):
Management Program Director marketing instructor at The Suffolk University Sawyer
school Of. Business so skip out of these these good
days now that we're enjoying with The. Patriots how do
they change the whole business climate for that?

Speaker 10 (31:06):
Franchise, WELL i mean really significantly on a whole bunch
of different. LEVELS i, mean it's a it's a good
holiday season right now to be the owner of The
patriots and to be A patriots. FAN i mean from
the value the validation of the, team team's, ownership To
Craft's hall Of fame, candidacy to just engagement with the,

(31:27):
brand attractiveness to the team's the team has a place
to go into free. Agency there's just all kinds of
upside for The. Patriots with their surprising performance this, year
this has.

Speaker 4 (31:38):
Got to be a dream come true for The crafts
because they've already been talking about the idea of selling you,
know a portion of the team and if they would
decide they wanted to do more of That this is
a young team that could have quite a, future.

Speaker 10 (31:52):
Without, question and they've already sold eight percent of the
team to private equity at evaluation of about nine. Billion
they can, sell based on my read of THE nfl,
rules another two, percent so they can cash out about
a little bit. MORE i don't know how much one
season increases the, valuation but certainly if they were to
win Another Super, bowl that makes it more attractive on

(32:15):
a whole bunch of, levels as we just. Discussed so
they're there, there there's a happy holidays there In, Foxboro.

Speaker 3 (32:23):
Skip, perms our, Guest business of.

Speaker 2 (32:24):
Sports, okay let's assume that perhaps The patriots might get
a playoff, game and who knows, me they might even
win a playoff. Game how does that affect the bottom line?

Speaker 3 (32:34):
There?

Speaker 10 (32:34):
Skip, yeah it really doesn't surprisingly you, know a a
playoff home game or. Two as it relates to, revenue
that's not really where the upside is for the. Team
that ticket revenue gets split between all thirty two. Teams
so if you don't make the, playoffs you're still making
some playoff money if you're saying The Cincinnati bengals or
someone along the. Line so there is concessions and parkings for,

(32:56):
Sure but there's added cost. Too you've got to play
the pay the players bonuses for each round they. Go
so from a, pure you, know end of year revenue,
STANDPOINT i don't think it contributes a Ton but from, valuations,
attractiveness merchandise, sales, sponsorships you, know those are all a
bit longer, tail and those all benefit tremendously from a

(33:19):
good team and a team that's challenging for a title
and skip.

Speaker 4 (33:23):
It would certainly benefit them in the years to come
if they continue down this road for television, contracts, right
BECAUSE i, mean you, know it used to be When
Tom brady was, playing we would see them in primetime
all the, time and now we haven't seen them so so.

Speaker 10 (33:40):
Frequently, YEAH i, mean, look their revenues from AN nfl
standpoint are pretty much locked. In as it relates TO,
tv those are NATIONAL tv contracts that are, negotiated so
they're getting the same amount regardless of whether they're good
or they're. Bad from a brand exposure, standpoint, yes you're
going to get more games in Primetime monday night for,

(34:00):
Fall sunday night, football four o'clock, Windows Tony, romo you,
Know Jim. Nantz, yes that's all to the benefit that
will certainly translate into fan, engagement probably merchandise sales and
definitely sponsorships for, Sure but there's no ADDITIONAL tv money
that comes with being in more primetime. Games that revenue

(34:21):
was split evenly between all the. Teams but from a
brand exposure, standpoint from an engagement with, fans sponsorships that
you might, sell that's all going to be a you,
know a net positive and depending upon when you know
their sponsorship deals are, up they're going to be able
to renew those at higher levels if the team is.

Speaker 2 (34:39):
Good Skip, perms our Guest sports And Management Program, Director
Suffolk University Sawyer school Of.

Speaker 3 (34:46):
Business.

Speaker 2 (34:47):
Skip you also sent us along some interesting notes today
about The patriots and their odds Of Super bowl And
Drake MAY mvp take us through some of.

Speaker 10 (34:55):
That, YEAH i, mean, look they're they're only, surprisingly only
the tenth highest rated team in terms of winning The Super.
Bowl The chiefs are ahead of, them The, bills The,
colts even The RAVENS i think are given right now
a better chance to win The Super. Bowl so still
work to do. There but from A Drake may, STANDPOINT

(35:17):
i mean his performance has been off the. Charts he's
the second highest rated or at least the second favorite
to win THE, mvp which is an amazing story for
a guy who's just in his second.

Speaker 4 (35:29):
Year he's becoming a, superstar isn't. He it's fun to watch,
that that's for, certain all, Right so, overall tell us
what a positive year for The patriots in the, end
besides the fact That joe AND i are going to
continue to be, watching what it means for The patriots
and the Crafts, Well, LOOK.

Speaker 10 (35:50):
I, think and maybe fans don't care about, this BUT
i Think Robert kraft does a second incarnation of A
patriots dynasty would just validate the, ownership AND i don't
know that the ownership needs to be. Validated, look the
results here so far off the charts compared there where
they used to, be there shouldn't be any. Question but
there's a lot of talk about His hall Of fame.

(36:10):
Candidacy and if you build a second dynasty or even
look like, IT i think that's really where you lock.
In and then you look forward down the. Road you,
know all the incremental revenue that you build up of the,
team the, sponsorships the merchandise, sales those are all trending
back up when they were trending down Post Tom, brady
and that's. All you, Know, look this may be one

(36:32):
of the best investments in the history of. Sports i'd
have to go and look at the. Numbers but the
amount they paid and the amount it's, worth it's off the,
charts and you may get a second crack at, it
which is would be.

Speaker 2 (36:42):
Unbelievable what about the business owners there On route one
On Foxborough. SKIP i, MEAN i, mean everybody's going to
still go into the, games, right so win or. Lose
AM i spending the same amount of? Money or AM
i spending more money Because i'm?

Speaker 3 (36:54):
Happier?

Speaker 10 (36:55):
YEAH i, mean, look there's STILL i don't know what
their attendance level is this, YEAH i mean this year
it's probably has been sold, out SO i, think you,
know they're pulling the same amount of. People there's the
same amount of cars on the. ROAD i don't know
that they've really seen a real dip in any of.
That AND i haven't looked at those. Numbers but look

(37:16):
A sunday during THE nfl, season it's, good you know
what it? Is, Right it's going to be, very very
predictable unless the team stinks for decades on, end and
nobody's going then the. Teams, look We're the amazing thing
is we're only five years. OUT i, know it seems
like it's forever and they've been bad for so, long
but it's only been five. Years you guys are old

(37:37):
enough and our audience is probably old enough to remember
when they were bad for twenty.

Speaker 3 (37:40):
Years did you have to point that, Out, SKIP i
mean you just had to go.

Speaker 1 (37:45):
There.

Speaker 10 (37:45):
Yeah so we're just a big greedy we always have,
been you, know The Tom brady. Error so we expect
big things and, man they may deliver big. Things. Again
it's pretty, impressive all.

Speaker 2 (37:59):
Right skipperham and he's the marketing instructor at The Suffolk
University Sawyer school Of.

Speaker 4 (38:04):
Business, well you, Know, joe it's been a year of,
uncertainty and Certainly President trump's, tariffs threats of tariffs and
actual tariffs have played a big part in. That when
it comes to our economy right, now this is going
through the court. System what would happen If Donald trump's
tariffs got overturned by The Supreme? Court you, know you

(38:25):
wonder then would it throw more uncertainty into the? Economy
the president Of Martial Wealth, Management Mike marshall joining us
to talk a little bit more about.

Speaker 5 (38:35):
This great to have you with.

Speaker 4 (38:36):
Us, mike what do you think would be the most
immediate impact if this would be overturned by The Supreme?

Speaker 9 (38:43):
Court, well it's a great. QUESTION i, mean the immediate
impact would likely be a reduction and import costs for many, goods,
electronics consumer, goods et. CETERA i, mean the bottom line
is the tariffs added to the cost of imports everything
across the, board and reversing those tariffs would ease the

(39:04):
cost pressures on the businesses and. Consumers for, example one
in an analyst also he suggested that the tariffs is
going to shave off roughly a half a percentage point
from THE US gdp growth in twenty five and twenty.
Six so you're seeing the negative impact on, businesses but
could be advantageous for. CONSUMERS i, mean if they do reverse,

(39:27):
it that means the economy could see a modest uptick
and growth as the drag of higher import costs eased
for many. Businesses then at the same, time consumer prices
would ease, slightly which would improve people's purchasing. Power the
thing is it won't be an instant change because supply
chains and contracts from business, planning they all have inertia

(39:49):
and they have to wind up and take time to
unwind as.

Speaker 2 (39:52):
Well, So, mike how would overturning the tariffs effect consumers and, Inflation.

Speaker 9 (39:58):
Well it would definitely low inflationary pressures tied to the, imports,
Right so if you're not importing products and your company
doesn't have anything to do with, imports it has no.
Effect but the terrace raised input costs for manufacturers and,
retailers and then those manufacturers and retailers pass them on
to the consumer, us, Right so someone's got to pay

(40:19):
these extra, costs and the imported consumer goods could come in,
cheaper meaning lower prices or at least slower price increases
for things like electronics and the power and home, goods
things of that. Nature and that would give households you
AND i more discretionary spending, power which can boost. CONSUMPTION
a lot of times people don't save the extra, money

(40:41):
they'll spend, it and so that would help boost consumption
in the. Economy but the lower cost pressure also gives
a central, bank believe it or, not The Federal reserve
a bit more breathing room on, inflation which could potentially
influence interest rate decisions down the. Road but, again this
effect might be partial because businesses already have locked in

(41:02):
costs of supply contracts and domestic inflation, has let's face,
it a lot of drivers beyond tariffs.

Speaker 6 (41:09):
Themselves So, mike there's two sides to.

Speaker 4 (41:12):
This there could be risk to THE us government if
these are lifted as.

Speaker 9 (41:15):
Well, right no question about. It THE us government is
the big loser. HERE i mean the refund liability that
the government would face and the lost revenue for the
government down the. Road if the court rules that the
terrorists are illegal importers might be entitled to, refunds you,
know of the duties that they've already. Paid and, unfortunately

(41:37):
THE Us treasury has warned us that this could amount
to somewhere between seven hundred and fifty billion to one
trillion dollars owed by THE us. Government so the budgetary
strain on the government alone would result in the fact
that the revenue drops because the tariffs are, gone and
then refunds are, required and that'll pressure the federal budget

(42:01):
or maybe forced cutbacks or even borrowing by the federal.
Government so while consumers will. Benefit the government must manage
significant financial and policy risks associated with this decision by
The Supreme.

Speaker 2 (42:13):
Court And, Mike what impact would overturning the tariffs have, on,
SAY us businesses and global supply.

Speaker 3 (42:21):
Chains.

Speaker 9 (42:22):
Well for, businesses especially those that rely on the imported
goods right or sell goods with imported, components a turning
the tariffs would be a huge relief to them because
the costs of those inputs would, fall profit margins would,
improve and then hopefully they could lower the end prices
or invest the savings. Elsewhere industries that are heavy and

(42:44):
electronics and consumer goods are likely to be the biggest
beneficiaries of a reversal in the.

Speaker 5 (42:51):
Tariffs what about the long term?

Speaker 9 (42:54):
Effects, oh there are, several especially for the. GOVERNMENT i
mean the growth could project of THE gdp would hurt the.
Employment higher tariff costs you, know they can hamper hiring an,
Investment so those are a huge relative factor in terms of.
Employment reversing the tariffs would help. Employment presidential and executive

(43:16):
authority in terms of policy, framework overturning those with signal
constraints on how future presidents can impose tariffs under emergency.
Powers and those kinds of shifts in trade policy has
made long term implications for THE us when it comes
to doing business with their partners around the. World and then,

(43:37):
lastly investment in capital flows. LOWER i, mean if they
do reverse the tariff's lower cost burdens and less risk
of trade policy shifts would boost domestic, investments so people
you know in The United states would perhaps start investing as.
Well but the reversal alone won't instantly restore everything. Lost let's,
SAY i said decades of policy supply chain. Shifts they

(44:00):
take time to, unwind so it's really a structural and
a transitional, Story John, kim and we will see what
happens once the court makes a. Decision it's a.

Speaker 6 (44:11):
Lot to pack, in it's a lot to.

Speaker 4 (44:13):
Unpack, mike thank you very, Much Mike marshall Of Martial Wealth.

Speaker 6 (44:18):
Management all, right.

Speaker 4 (44:19):
Coming up, next a special new restaurant In weston and
it's in a special.

Speaker 6 (44:24):
Location this is The New England Business.

Speaker 1 (44:26):
Report you are listening to The New England Business report
on The voice Of boston W rko six. Eighty joe
And kim will be right.

Speaker 12 (44:38):
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It signing or complete details visit subru Off New england dot.

Speaker 14 (45:37):
Com are you a brother or sister of one A
Greater boston's local trade unions and finally thinking about getting
ready to hang up your tools after thirty five years
of working your? Tailoff, congratulations you worked hard to build
your retirement nest. Egg but now What let me help
you break through the nonsense and financial. Speak so we
can get to the questions that are important to you

(45:58):
as you know nothing it's built without as set of,
plans and neither will you a financial. Future my name
Is Mike, Marshall president AND ceo Of Marshall Wealth management
and creator of The Marshall, plan a comprehensive customized plan
that will help you answer important questions in all seven key.
Areas you don't have to do it. Alone there is
no cost or. Obligation call us at eight five seven

(46:20):
three four two ten. Thirty that's eight five seven three
four two ten. Thirty well check us out online At
marshallwealth dot, Com marshall with two, Els marshallwealth Dot.

Speaker 15 (46:31):
Com advisory services offered Through Capital analysts Or Lincoln Investment
Registered Investment. Advisors securities offered Through Lincoln Investment Broker Dealer MEMBER, FINRA,
Sipc Lincoln investment Dot. Com Marshall Wealth management and the
above firms are independent and not. Affiliated hi, Everybody I'm
Kim kerrigan And I'm Joe.

Speaker 2 (46:47):
Shortsley if you want to be part of The New
England Business, report sponsorships are still.

Speaker 4 (46:52):
Available you can email us at Any Business radio at
gmail dot.

Speaker 2 (46:57):
Com that's Any Business Radio all one word at gmail
dot com and we'll get your business on the show.

Speaker 1 (47:05):
Too The New England Business report on W rko is
brought to you in part By superoo Of New. England
suparoo Of New england dot com.

Speaker 2 (47:20):
And welcome back to The New England Business. Report and you, Know,
kim this headline really captured our. Attention it was actually
in THE, bbj The Boston Business journal where we saw
It Boston Chops steakhouses up for sale as ownership's focus
to a New weston. Restaurant and as you, Know, KIM
i raised my family In weston and The Josiah Smiths tavern.

Speaker 3 (47:43):
Was always an. Issue every. Year everybody, said we got
to reopen that. Place we've got to reopen that.

Speaker 2 (47:48):
Place but of Course western Since prohibition was a dry
town and it never got quite. Right, well guess, what
somebody figured it. Out his name Is Brian. Pachini he's From.
Weston he's the owner Of Boston Chops, steakhouses which we
can talk more about that in a, second AS i
told you that he's putting them up for. Sale But,
brian welcome to the.

Speaker 3 (48:06):
Program thank you for having.

Speaker 2 (48:07):
Me, yeah so tell us about your epiphany, here your
plan here For weston one hundred.

Speaker 11 (48:13):
Percent i'm giving it my all to make this project
come to life and bring a restaurant with service back
since prohibition to a ton Of. Weston it has been
two years since we had a bit, approval a year
since we've got the licensing from the, state and right
Now i'm heavily involved with the Select board and The Planning,
board The Historic, board all trying to make sure that

(48:35):
the restaurant design makes everybody, happy and so making an
entire town, happy our neighborhood happy is Something i've been
doing most of my career building community in The South
end With Boston, chops in The Back bay with duav
and In dorchester With Dee barber over twenty.

Speaker 4 (48:50):
Years so talk to us a little bit about How
joe just kind of described what's going on there In
western how you are going to get around the issues.

Speaker 11 (48:59):
There i'm not going to get around. Anything i'm going
straight through. Them i'm working with everybody to make sure
that the design of the, restaurant both from the inside and,
outside is en circlely representative of the Incredible Josiah Smith
tavern where the bar is still. Standing That George washington
had a drink at in seventeen seventy five as he

(49:21):
was marching The Revolutionary army Into. Boston the bar is
still standing in SO i can't touch the, BAR i
can't move, IT i can't do. Anything so a lot
of things that historically, protected And i'm just thrilled to
add my sparkling creativity to it while keeping the rich.

Speaker 2 (49:36):
History, yeah, well that sounds like you should charge extra
people sit in that, seat you know WHAT i? Mean
that is arge watching all? Right the name The? Woods
why The? Woods and what's your vision for the restaurant
once it? Opens AND i was reading that it's probably
the summer of twenty twenty.

Speaker 11 (49:51):
Six, yeah you. KNOW i moved To weston in twenty,
eighteen AND i moved here because of the rich. FOREST i,
mean when you look At western from A google satellite
image is just like this green. Blop you don't even
see the streets and trees because it's so heavily forest and.
Trees that's what brought me to the. Town and AS
i was thinking about a, Concept i've always welcomed people

(50:11):
to my home as welcome to the, woods and it
kind of naturally fell in as a, name and even
hearing people describe their, property it's always the descriptions of
how is the Woods and so we took that and
we're going to do a wood firing grill as the
center of our cooking. Battery and in an effort to
be more, sustainable we're going to plant a tree for
every tree we.

Speaker 5 (50:30):
Burn oh, really that's really. Cool, yeah and you.

Speaker 11 (50:35):
Know part of What i'm trying to do and part
of that article that came out in THE. Vbj i'm
really trying to be more sustainable in my, efforts and
that will be the product here In Western e've been
right down to using every piece of wood that's already
in the building, somehow and the renovation is right at
the top of the.

Speaker 4 (50:52):
List, Brian will there be any issues associated with serving alcohol.

Speaker 11 (50:55):
In Western we actually already have THE abcc sign. Off
that took about a, year but The Alcohol Beverage Control
commission signed off and issued the license in the.

Speaker 2 (51:05):
Spring With Brian, Pagini he is the owner of A
Boston chop. Steakhouses he is also the owner of a
new restaurant which will be taking shape In. Weston also
the owner of D bar And devot to other very
well known restaurants In. Boston it talk to us a
little bit more in, detail Because, WESTON i, mean LIKE i,
SAID i lived there for twenty, years always a dry
town with the exception of the country clubs where they

(51:25):
Know ben Wor boost blah blah. Blah BUT i, mean
how tough was it to navigate to actually get your
alcoholic license in a dry town that have been dry
for like one hundred.

Speaker 11 (51:35):
Years, yeah good. Question and you're. Right the only country
clubs that are, here you have very healthy memberships to
get into those, places and so it's not a public public.
Place AND i must say this project has been challenging
but fun in the aspect of everybody's committed to. Help
everybody wants to help push it. Forward doing business In
boston my whole. Life this is a whole reversal Where

(51:58):
i've just got a whole. Town, Brian what do you?
Need how can we help. You i've definitely been to
more public hearings and board meetings for this project THAN
i did for my first four. Combined But i'm really
enjoying the process and that the whole community is trying
to weigh in to make sure that this is a special,
place and that is what Makes western a truly magical
place to. Live everybody really cares about preserving the nature

(52:19):
and the history.

Speaker 4 (52:20):
Here, So, BRIAN i think WHAT i hear you saying
is that this isn't going to become the norm In
weston as far as you can, tell you, know not
everybody's going.

Speaker 5 (52:28):
To get a.

Speaker 11 (52:29):
LICENSE i don't know the. Future when we got the
license legislated and pushed, you it did say the one
and only. License but the, town if they see this
as a, success they can this is really a talent
run by the, people and they see the success with.
Us who, knows maybe they'll start bringing up and requesting

(52:49):
more licenses from the. State you never.

Speaker 2 (52:52):
Know, Yeah So brian, talked talk to us about Your
Boston chops. Steakhouses now everybody knows about. Them in, fact
my daughter was just visiting your one there in The
South end and really had a nice. Evening you've decided
to put them up for, sale and you, know you,
know we don't have to tell, you but the restaurant
business is really a tough. Place and yet these these

(53:14):
restaurants are both profitable and operating at full. CAPACITY i,
mean that's something that restaurant owners only dream, About so
why put them up for?

Speaker 3 (53:22):
Sale?

Speaker 11 (53:23):
Thanks and, yeah at fourteen years in The South, end
we have a truly magical brand and a product That
i'm really proud. Of as an, ENTREPRENEUR i say everything's
always for, sale and, so, YEAH i got caught in.
That But i'm also looking for partnership AS i. GROW
i want nothing more than The bos And chops brands
to live on and. GROW i need more operational help

(53:45):
and support and partnership in some way to doing. That
As you'm putting offerings out for, sale Whether i'm selling
some stock or bringing on, partners this is all part
of the process to grow BECAUSE i can't continue to
grow without having streamline businesses or are more people running
the show with.

Speaker 6 (54:04):
Me SO i think What i'm.

Speaker 4 (54:05):
Hearing you say is that you don't want to walk away,
necessarily you, know, completely but you'd like to get some
partners coming.

Speaker 6 (54:12):
In is that absolutely away from?

Speaker 11 (54:14):
Anything, Yeah but at the same, TIME i do need to.
CONSOLIDATE i really want to focus on getting This western
project and these. BRANDS i really enjoy, them their institutions
and they're, tried trude and. CONSISTENT i want to challenge
myself by really figuring out how to do different, things
how to do more sustainable, things and really how to

(54:35):
change what my activities are as a restaurant hour going?

Speaker 2 (54:38):
Forward are the are the two RESTAURANTS A D bar And?
DEVOUT i Hope i'm pronouncing that. Correctly how are they?

Speaker 11 (54:45):
Doing D bar is celebrating twenty years In dorchester and
to ab in the Back. Bay we're in our sixteenth.
Year we've got double digit growth in two four so that's,
excellent and we're up for A Michelin, star so we're
really hoping that comes through the. Universe we got a
nod that we are being reviewed and hopefully in the
next couple of weeks they'll be announcing the winners In,

(55:08):
boston which would be a huge milestone for the Entire
boston community having such an incredible reviewing guide come in
and it will change the restaurant scene as we know
it for.

Speaker 5 (55:19):
Sure, wow that is.

Speaker 6 (55:20):
Fantastic we'll best of luck to.

Speaker 4 (55:22):
You we'll be keeping an eye out to see if
that in fact comes to. Fruition last question from me this, Morning,
brian and that is just overall give us a sense
of the restaurant. BUSINESS i Know joe said you know.
Earlier we know that it's been. Tough what's your analysis
of the restaurant business as a.

Speaker 11 (55:39):
Whole, oh it's been extremely more difficult to make money post,
pandemic extremely. More and IF i didn't have landlords that
were working with me or believed in, me IF i
didn't have vendors who believed in us and passionate individuals
working for us that work really hard to put the service,
OUT i don't know HOW i would do. It definitely

(56:00):
seeing the workforce, change so we're seeing more people, available
so we're able to hire. More there was some really
scary times with the great lead from the industry post,
pandemic but we are seeing a lot more professionals wanting
to reinvest their careers in, hospitality which is the, biggest

(56:21):
the biggest light at the end of the tunnel for.
Us and, obviously if inflation does not slow, down all
we can do is our best with pricing and.

Speaker 10 (56:30):
Go from.

Speaker 11 (56:31):
There but inflation is definitely hurting.

Speaker 2 (56:33):
Us ryan last comment from, me you know when you
open in the summer of twenty twenty six is what we're.
Hearing kim's gonna want to sit in That George washington.
Chair now you can make that happen right as a.

Speaker 11 (56:46):
Barstool but.

Speaker 3 (56:49):
That's what we're here.

Speaker 2 (56:50):
For Brian darkaney and he of course was the owner
Of Boston chop steakhouses and to other restaurants In, Boston
Dvar end Of bow and soon to Be The woods
In western Well.

Speaker 4 (57:01):
Jo that's going to do it for this edition of
The New England Business report of The Good show under our,
BELTS i.

Speaker 6 (57:06):
Believe let's take a look at what's coming up Next.

Speaker 4 (57:08):
Sunday we're going to talk to the Former Boston City
councilor and NOW ceo of The Boston Cannabis Dispensary.

Speaker 6 (57:13):
Apex, Noir Tito.

Speaker 4 (57:15):
Jackson he's going to join us to talk about cannabis
cafes in the. City that's something that's been talked about
since marijuana has been, legalized but it has not come
to fruition until. Now it's just around the. Corner so
we'll talk to him about. That that's coming up Next,
sunday eight am right here on The voice Of boston
W RKO am six eighty