Yaletown Restaurant Proves Prophetic As “Fiasco” Shutters
December 19, 2010
A reader sent in this cell phone shot of a Distress Warrant in the window at 1168 Hamilton Street, the address belonging to Fiasco, Yaletown’s “newest” restaurant. If it is indeed shuttered for good, it’s clear that their vision of “swank and swagger done with style” didn’t pan out. While Yaletown does have a habit of chewing up businesses and spitting them out (witness the fates of LK Dining Lounge, Plan B, Lucky Diner, Diner, Pinky’s, Charlie’s, Browns, etc), this was pure infanticide. Fiasco’s life was astoundingly brief. It opened in the first week of October, which means it breaks the record for the shortest lived establishment in the neighbourhood’s history (as far as I know it).
As to why anyone would give their restaurant a name synonymous with failure, or better still, disaster, is beyond me, but so is Yaletown these days. It has become a chain restaurant theme park in recent years, and though excellence and fun still abound, the last few newcomers have been totally bizarre, so much so that you have to wonder what’s next. The Hindenburg?
Now THAT’S what I call a fly by night restaurant. This area must be tough…
Yikes. does that say $30,702.84 for 2 months rent? No wonder new restaurants can’t make it there. And no wonder it’s such a retail ghost town there as well.
Wasn’t the Mark James clothing store restaurant called Fiasco as well?
The future for Yaletown seems to be chain restaurants and who has the financial clout to stop them? These neighbourhoods get the restaurants they deserve, not that any of the places that vanished had can’t miss concepts.
Maybe they should have called it “60 Days of Yaletown”.
Also the owners of the Hub also owned Browns previously. They split with the chain over the lack of control they had with the menu. They didn’t shutter. Same owners now as before.
A rebrand counts as a shutter in restaurant Monopoly.
Wouldn’t shuttering include laying off all staff and selling assets?
Do other companies “shutter” when they rebrand?
MacDonald Dettwiler and Associates rebranded to MDA. Does that mean they shuttered?
Not the same thing, Ali. It’s not like MDA had a food concept and a reputation like Browns.
Would you say that Stellas shuttered when they rebranded to Biercraft? I doubt it.
Shuttering is just that, shuttering the business. To shutter. To close. Go out of business.
Stella’s closed and totally changed their menu, too?
“A rebrand counts as a shutter in restaurant Monopoly.”
Stellas rebranded. Therefore using your logic they must have shuttered in restaurant Monopoly.
But whatever Andrew. You can win. I’m over it.
Sorry Ali, but this is a little silly and semantic. Stella’s had to rebrand for legal reasons. Beyond that, they changed nothing. Did Hub change anything in the wake of Browns?