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re: 54 Below, anyone been recently?

Posted by: TGWW 07:40 pm EST 11/03/15
In reply to: re: 54 Below, anyone been recently? - Michael_Portantiere 11:18 am EST 11/03/15

Now how can he say prices won't rise when you clearly state he didn't set prices? And saying he "lent" his name is disingenuous. I'm sure he was nicely compensated for nailing his moniker on the entrance as he will be here too. Let's see what happens in the new year.


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re: 54 Below, anyone been recently?

Posted by: Michael_Portantiere 10:59 pm EST 11/03/15
In reply to: re: 54 Below, anyone been recently? - TGWW 07:40 pm EST 11/03/15

Please don't call me "disingenuous." Of course, I didn't mean that Feinstein "lent" his name to this club or the one at the Regency with no financial arrangement. But as for him being "nicely compensated" for doing so, if you're implying that he is being paid simply for letting 54 Below use his name, I very much doubt that's true. I think it's probably much more complicated than that.

"Now how can he say prices won't rise when you clearly state he didn't set prices?"

Because, although he does not manage the room and does not set prices, he may have had a discussion before -- or after -- becoming involved at 54 Below in which it was determined that prices will not rise, hence his quote. Those are two different scenarios. Also, 54 Below is a very different place from the club at Loews Regency in several ways.

Whatever, your fear or assumption that prices at 54 Below will rise significantly just because Feinstein is now involved seems odd to me, and I'm not sure you have as clear an idea of how these clubs/deals work as you think you do.


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re: 54 Below, anyone been recently?

Posted by: MikeR 07:44 pm EST 11/03/15
In reply to: re: 54 Below, anyone been recently? - TGWW 07:40 pm EST 11/03/15

Here's specifically what he said (full interview linked below):

The theater people are freaking that the prices at Feinstein’s/54 Below will quadruple. Will they?

Not at all. With Feinstein’s at the Regency, it was a five-star hotel and a union hotel. To open that room, there was tremendous expense. I never made money in the nightclub business. It cost $150,000 a year to set up the room—it required union people. That’s because it was that space. But we always had $20 seats because it was killing me that it was priced in a way that prevented people who didn’t have as much money to come, and that’s usually younger people for whom we have to keep this art form alive. One of the great things about 54 Below is it’s a completely different price structure and it will continue with that. Of course, if an artist commands a higher salary, the prices may be somewhat higher for that, but there’s no intention of changing the essence. We’re just adding to what already works beautifully. I’m not a fool.

Related info from an answer to a previous question:

"Much as I loved being at the Regency, that was a room that every day had to be turned into a nightclub. It took two hours to move in the stage and the piano, and then two hours to tear it down. I decided the next place would be a dedicated club."

Link http://www.out.com/michael-musto/2015/10/12/michael-feinstein-54-below-cheyenne-and-couples-counseling

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