Saturday, June 10, 2000

What's the Buzz?


Hyde Park restaurant closes

By Lisa Biank Fasig
The Cincinnati Enquirer

        Hold the syrup, Hyde Parksters — there'll be no more silver dollar pancakes at the corner of Edwards and Madison.

        The Hyde Park Perkins closed this week, a month after its bankrupt owner, Reading Restaurants Inc., agreed to sell 15 to 16 other Perkins restaurants to a Pennsylvania restaurant operator.

        A subsidiary of JDK Management Co. Inc. agreed in May to buy the assets from Cincinnati-based Reading, which filed for Chapter 11 bankruptcy protection in October. But the Hyde Park location was not included in the deal.

        Edward Doherty, company spokesman, said the restaurant's 35 workers have all been placed in jobs at Perkins locations in Montgomery, North College Hill and Monfort Heights.

        “The lease was up at the end of the month, and we weren't going to renew the lease,” Mr. Do- herty explained.

        The JDK deal does not include four area Perkins restaurants operated by William Theiss in Sharonville, West Chester, Fairfield and Springdale.

        JDK plans to remodel and revitalize the restaurants it agrees to buy.

        Have a tip about a Tristate company that should be included in our daily Buzz? Give business editor Richard Green a call at 768-8477, or e-mail him at rgreen@enquirer.com.

       



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