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Balloon Museum Floating to Tin Building in Lower Manhattan
Seaport Entertainment Group ended operations at the financially troubled Tin Building, terminating at least 132 employees as it prepares to launch the Balloon Museum this summer.
- On Monday, Seaport Entertainment Group closed the Tin Building food hall, affecting 132 employees according to SEG, while workers claimed at least 150 were terminated; the venue will be replaced by the Balloon Museum this summer.
- Costing nearly $194.6 million, the culinary project opened in 2022 as a 53,000-square-foot hub but lost more than $100 million over four years, sometimes losing about $100,000 daily.
- Staff were told in a late-afternoon meeting on Monday that employment would end today, with Romano saying she was offered 60 days of severance.
- SEG said in an SEC filing that Tin Building operations would cease immediately, it would end its licensing agreement with Jean-Georges Restaurants while retaining a 25% interest, and identified internal opportunities for 35% to 40% of impacted staff.
- Facing prior scrutiny over immigration checks, SEG also faced January 2025 checks causing job losses, joining recent NYC food-hall failures like Market Line and Citizens Market Hall.
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12 Articles
12 Articles
Why did Jean‑Georges’s $200M food hall fail?
How an ambitious Manhattan food hall unraveled The Tin Building was conceived as a major, high‑profile culinary project spearheaded by chef Jean‑Georges Vongerichten. Built at a reported cost of roughly $200 million, the project took about eight years to complete — a long timeline for a…
Coverage Details
Total News Sources12
Leaning Left1Leaning Right1Center2Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
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