Woodshed Restaurant fire 11-28-13

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Originally Posted by brk-lnt

How so? That response didn't seem at all out of line to me.

It seems that people expect that the Woodshed should be rebuilt out of tradition or something, without looking at the financial aspect of things. The current owners bought it (presumably) for the earning potential, and now that is gone and they are logically abandoning the property. If someone wants to pour money down a nostalgia drain, they're certainly welcome to do so, but shouldn't expect the original owners to do so out of any kind of obligation.

If it was insured properly and the fire is proven to have been an accident than logic dictates the business can be recreated with insurance proceeds and customers would return. There clearly can be a successful business here. How successful depends on what level of debt needs to be placed on the business and what the resultant debt service is. Lots of facts to come out here before what we know what will happen.