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06/16/2010

Restaurants want feds to cover expected revenue loss during the G20 summit

Downtown restaurants are bracing for a massive drop in sales as the city locks down for the G20, and a national restaurateurs associations is calling on the federal government to reimburse the lost the revenue.

“The government is literally putting up barriers between restaurants and their customers,” says Garth Whyte, president and CEO of the Canadian Restaurant and Foodservices Association (CRFA).

“If the government can spend close to $2 million on a fake lake, then it has the money to fully compensate restaurants for their loss of business.”

The 3.3 kilometres of fencing will encircle numerous restaurants during one of the busiest times of year.

The government has promised to reimburse businesses for “losses related to extraordinary security measures,” but business owners will have to follow an onerous process that will cost them even more time and money, the CRFA said in a press release.

The federal government hasn’t committed to compensate owners for property damage that may occur during the summit.

The government has promised to reimburse businesses for “losses related to extraordinary security measures,” and business owners will have to follow an onerous process that will cost them even more time and money. Businesses will not be compensated for property damage that may occur during the Summit.

“The government has created a club with winners and losers,” said Whyte. “For those who weren't invited to the party, this is going to be very costly.”

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