City leaders are in talks to extend the lease of Bolt Bistro & Bar, which has operated out of Raleigh’s building on Fayetteville Street in downtown Raleigh since 2012. In 2003, the city bought the 10-story building at One Exchange Plaza for $8 million because it needed more space for government offices. Bolt’s presence there hasn’t been controversial. But the city faced criticism from some local business owners in 2008 when it spent $1 million to lure a restaurant tenant to a ground-floor space in an attempt to bring more people downtown amid the economic downturn.
City leaders are in talks to extend the lease of Bolt Bistro & Bar, which has operated out of Raleigh’s building on Fayetteville Street in downtown Raleigh since 2012. In 2003, the city bought the 10-story building at One Exchange Plaza for $8 million because it needed more space for government offices. Bolt’s presence there hasn’t been controversial. But the city faced criticism from some local business owners in 2008 when it spent $1 million to lure a restaurant tenant to a ground-floor space in an attempt to bring more people downtown amid the economic downturn. Chuck Liddy cliddy@newsobserver.com
City leaders are in talks to extend the lease of Bolt Bistro & Bar, which has operated out of Raleigh’s building on Fayetteville Street in downtown Raleigh since 2012. In 2003, the city bought the 10-story building at One Exchange Plaza for $8 million because it needed more space for government offices. Bolt’s presence there hasn’t been controversial. But the city faced criticism from some local business owners in 2008 when it spent $1 million to lure a restaurant tenant to a ground-floor space in an attempt to bring more people downtown amid the economic downturn. Chuck Liddy cliddy@newsobserver.com

Raleigh may extend lease of Bolt, its downtown restaurant tenant

June 03, 2016 03:54 PM

UPDATED June 04, 2016 06:40 PM

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The Raleigh Report is your one-stop shop for everything Raleigh. Check here for the latest on city government, planning, the arts, roads, Falls Lake, events and more. This blog is updated by staff writers Paul A. Specht and Mechelle Hankerson.