Yoshi’s gets a $1.5 million loan from the City of San Francisco. On top of a $1.3 million loan. On top of a $4.4 million loan. And Wayne Shorter didn’t sell out the place? Things are not looking good. From Jesse Hamlin’s piece in the San Francisco Chronicle:
Kajimura expects to pay off creditors – including some who have filed lawsuits against the club – as soon as the city cuts him a check.
The San Francisco venue has lost “several hundred thousand dollars,” and to reverse that, the booking in San Francisco, Hamlin reports, will diversify into world music and Americana. Oakland’s Yoshi’s will stay predominantly jazz.
I’m sad for Yoshi’s, but at the same time, I must admit there have been great jazz artists playing there who I haven’t felt compelled to see. The high ceilings have a little bit to do with that. There’s just no replicating the coziness of Yoshi’s in Oakland; it is and remains the perfect place to see jazz, and opening up the booking to artists like Toumani Diabaté and Tracy Nelson over in San Francisco will ensure that Oakland retains more artists like Wayne Shorter and Roy Haynes.
Inevitable: Open the floodgates for other local businesses to ask for their bailout, too.
Tags: Bailout, debt, Fillmore, Jazz, Oakland, San Francisco, Trouble, Yoshi's