Breaking EaterWire: Ron Siegel and Co. Drop Myth Deal
Hot news off the wire from the ongoing Pacific Avenue saga known as the Myth sale: the Chronicle is now reporting that Ritz-Carlton Dining Room chef Ron Siegel, sommelier Stephane Lacroix and Carl Pascarella have cut bait on the pending deal to buy Myth. From SFGate:
The three have been in negotiations to buy the restaurant from owner Tom Duffy and K2K Development since late last year and had hoped to take over this fall. But when that didn't happen, and the economy took a turn for the worse, the trio became concerned that a new venture would be too risky...
The option to buy the restaurant expired at 5 p.m. Tuesday, said Duffy, who would not elaborate on the future of Myth.
According to the report, Siegel will (happily) stay on at the Ritz—is it too late to add it to the
Top 100, MB?—and Duffy says that Myth's scheduled closure and renovations will take place as previously planned, though uncertainty continues to continue down in Jackson Square.
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Siegel group bails out of deal to buy Myth restaurant [Chron]
EaterWire: Myth Updates, Fish Wonderings and MORE!
JACKSON SQUARE—Everyone's still ultramum on the happenings/ non-happenings at Myth, so it's likely any deal has yet to be finalized. Nonetheless, it's pretty safe to assume that the sale to Carl Pascarella's "Pacific Avenue Restaurants Investors" hasn't fallen through yet, as just this week, the group added a request for a caterer's permit to its still-pending liquor license. Last we heard from the BauerBlog, former Myth owner Tom Duffy said escrow could close by "early February," so things should be coming to a head soon enough. [EaterWire, previously]
THE INTERWEBS—If ever there a new service made for the responsible-eating masses of the Bay Area, it's a new service that allows anyone to check the endangered status of a certain fish: "You can text Blue Ocean's Fishphone at 30644 with the message FISH and the name of the fish in question. Immediately you'll get a text back with an assessment and, when appropriate, a more environmentally sound alternative." [Bitten]
One Local Chocolate May Be Lethal. Find Out Which One, Next! >>
MythGate: The Rumor Mill Continues to Continue
On the gossip front, the rumor mill keeps on churning regarding the future of Myth. The latest entrant in the race to find out what exactly is happening down on Pacific Avenue comes from the Chron, who spoke to former Myth honcho Tom Duffy. Here's what Duffy had to say, directly via the BauerBlog:
Ron Siegel and Stephane Lacroix, the touted chef and sommelier of the critically acclaimed the Dining Room at the Ritz-Carlton, have joined forces with Carl Pascarella, the former CEO of Visa USA and a regular on the San Francisco social scene, to buy and run Myth and its sister cafe, says Tom Duffy, former owner of the popular restaurant.
Pascarella, the financial architect on the project, signed a purchase agreement on Friday afternoon, according to Duffy.
However, in the same
post, Michael Bauer and Company also ran a quote from Siegel in which the chef emphasizes that he has merely been approached by Myth and "
nothing is finalized." In other words, Myth's story is far from complete, and only the next couple weeks/months will tell if the rumors remain rumors (Sidenote: and how appropriate is its name now?). Stay tuned.
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The truth about Myth [Between Meals]
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Ron Siegel Leaving the Ritz For Myth? [~ESF~]
[Photo courtesy]
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