![]() While we are still in the process of determining what is next for this unique space, there is no doubt that we will require the future tenant to contribute to the vitality and health of our community. “The Chu family has been a part of the Chinatown community for generations – and they always will be. He said the Lams have already decided to give up the 20 Elizabeth Street lease, so the space will be available to operate a new restaurant there.Īn email sent to a member of the Lam family for comment was not answered Friday. Some of the details of the plan remain unclear, Lee acknowledged, including the amount of money needed to set up the collective ownership plan and to restore the space. Last year, Mayor Bill de Blasio announced new resources to help struggling businesses convert from single-ownership to employee-owned structures that can come with tax benefits and higher return on profits: "employee-owned businesses create a tremendous reality of equity and fairness, of buy-in, of opportunity to create capital and have an ownership stake that changes the whole reality, particularly for working class folks and particularly in communities of color," de Blasio said at a press conference in December. The plan would make Jing Fong, one of the few unionized restaurants in the city, a high-profile example of a collectively-owned business. ![]() “We don't want to just run a restaurant, we want to make the Jing Fong experience even better,” said community organizer Don Lee in a phone interview. Part of the decision was driven by their inability to pay rent on the space - Eric Phillips, a PR representative for the landlord Jonathan Chu, has said the restaurant owners hadn’t paid rent since March 2020. ![]() The restaurant owners said they plan to continue delivery and takeout service as well as outdoor dining at its Elizabeth Street site. The workers’ union and other supporters have called for saving the workers' jobs since the owners, the Lam family, announced last month they were closing its indoor dining service after 43 years, citing the pandemic-driven loss of revenue and the inability to pay rent on its 20 Elizabeth Street lease. At its pre-pandemic height, Jing Fong was drawing about 10,000 customers a week, according to union representatives. They also see this as a chance to support the local Chinatown economy through tourism generated by the appeal of a popular restaurant. At a press conference outside Jing Fong’s multi-story space at 20 Elizabeth Street Friday, organizers from the restaurant’s union and from community groups said their plan would help save the jobs of roughly 100 employees who could stay on at the new restaurant.
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