Tavern on the Green, the famous restaurant at Central Park which was once considered the highest-grossing establishments in the county is all set to shut down the shutters on December 31.

It is known that during the month of August 2009, the restaurant lost a bid to renew its license with New York City Department of Parks and Recreation. A month laterTavern on the Green filed for bankruptcy.

The building of the restaurant is scheduled to be cleared completely on the 1st of January, 2010 waiting for a new owner to take over.

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