Big news from one of the city's biggest restaurants: Seems the combination of a family tiff over ownership and a big tax bill has put Aqua in serious jeopardy.
According to the Chron's Inside Scoop, court papers indicate that the restaurant's cash reserves have been "wiped out" by a tax bill, and, "The absence of clear ownership, combined with the increased reluctance of banks to lend, has made it difficult for management to borrow money." Meanwhile, chef de cuisine Ron Boyd is leaving the place to go to work for Beautifull.
We really don't want to see Aqua crash and burn, so could the Condy family and their accountants and managers please get it together and boot the place back up? Thanks. [Via SF Gate]
