money trouble

Daniel Patterson’s NYC Expansion Plans Hit a Snag

Things are moving at a sloth-like pace.

Things are moving at a sloth-like pace.Photo: David Nicolas/Food & Wine

Last fall, news broke that the much-celebrated Bay Area chef Daniel Patterson would be coming to New York, with a 'crowdsourced' restaurant that would be financed by 2,000 donors, each contributing $500 apiece. Well, that idea's not working out so well: Diner's Journal follows up on the story and finds that only 154 people have signed up as donors, and that the owners are now working with a more traditional investment model in hopes of opening in September or October. And if that doesn't work, there's always Kickstarter. [Diner's Journal/NYT]

Earlier: Daniel Patterson Heads to New York With the Elevens, a ‘Crowdsourced’ Restaurant in Tribeca

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