Despite rumors, Jae's Inn is not clos...

Despite rumors, Jae's Inn is not closing its doors

There are 72 comments on the North Adams Transcript story from Feb 20, 2009, titled Despite rumors, Jae's Inn is not closing its doors. In it, North Adams Transcript reports that:

Just months after reopening the restaurant at Jae's Inn on Curran Highway, owner Jae Chung is fending off rumors that the eatery, spa and 11-bedroom inn will close.

Join the discussion below, or Read more at North Adams Transcript.

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Truthsayer

Gansevoort, NY

#1 Feb 20, 2009
Small towns and rumors. Amazing how a rumor can destroy a business. This story carries a valuable lesson:

Read the news, but keep your big yap shut and mind your own business, not everyone else's. Don't be a rumor/gossip monger/
Former Resident

United States

#2 Feb 20, 2009
You offer an excellent point. As a rule of thumb in NA, you can't even sneeze without the whole town knowing about it.
where there is smoke

Williamstown, MA

#3 Feb 20, 2009
loans aren't restructured (after a foreclosure notice)when things are hunky dory

jae said, "The closure of Jae's Inn in Williamstown has really affected me. I still have people after me for money that is owed to them."

if only you didnt have to pay what you owe, that would really help you wouldn't it? is that what this is about? try to get away with paying less?

first the bank is forced to restructure, what next? screw the people you owe money to for your other failed efforts?

heres an idea, take money from your other "successful" ventures and use that to pay your bills and honor your contractual obligations.

isnt that what diversification is all about.
eat here and get gas

Chicopee, MA

#4 Feb 20, 2009
if jae chung makes it out of this debacle i will be surprised. too many poor decisions along the way. jae has been all over the board with no real plan or focus. if i had the money he's spent in renovations alone i'd be a heck of alot more comfortable in my retirement.

same with taylor's fine dining. why does it take two-three months to move a bar? my guess is they're sinking like a stone with the joint. gotta be behind in everything from rent payments to carver to their food and beverage vendors. the reality is the place offers nothing but overpriced mediocre food and in north adams that doesn't come close to convincing the overwhelming pedestrian pallets to dine there.(hint: thinks big and cheap!) the taylors should have kept both sets of eyes and their resources on the freight yard pub. speaking of the fyp, the place has been floundering and going downhill for some time now. not only in the quality and consistancy of their food (it's boring and rahter tasteless) but the facility is a grimey,filthy dump. it's in dier need of a make over from top to bottom; furnishings and all (the hub's got to be doing a number on their market share). and buying a new grill for the kitchen isn't going to fix these problems. it's still going to be lousy food serverd in filthy environment.

if we look at the past perils of restaraunteurs in the area who have since gone out of business there is a common thread here; expansion. gideons failed after he misread and overestimated the market and now it seems jae chung and the taylors have been experiencing the same pitfalls. is it too late to recover? time will tell. in the meantime, cash in your gift certificates!

and btw "truthsayer", rumors don't destroy businesses, bad mangement does.
some truth

North Adams, MA

#5 Feb 20, 2009
eat here and get gas wrote:
if jae chung makes it out of this debacle i will be surprised. too many poor decisions along the way. jae has been all over the board with no real plan or focus. if i had the money he's spent in renovations alone i'd be a heck of alot more comfortable in my retirement.
same with taylor's fine dining. why does it take two-three months to move a bar? my guess is they're sinking like a stone with the joint. gotta be behind in everything from rent payments to carver to their food and beverage vendors. the reality is the place offers nothing but overpriced mediocre food and in north adams that doesn't come close to convincing the overwhelming pedestrian pallets to dine there.(hint: thinks big and cheap!) the taylors should have kept both sets of eyes and their resources on the freight yard pub. speaking of the fyp, the place has been floundering and going downhill for some time now. not only in the quality and consistancy of their food (it's boring and rahter tasteless) but the facility is a grimey,filthy dump. it's in dier need of a make over from top to bottom; furnishings and all (the hub's got to be doing a number on their market share). and buying a new grill for the kitchen isn't going to fix these problems. it's still going to be lousy food serverd in filthy environment.
if we look at the past perils of restaraunteurs in the area who have since gone out of business there is a common thread here; expansion. gideons failed after he misread and overestimated the market and now it seems jae chung and the taylors have been experiencing the same pitfalls. is it too late to recover? time will tell. in the meantime, cash in your gift certificates!
and btw "truthsayer", rumors don't destroy businesses, bad mangement does.
Those restaurants will be fine and Jae will prevail. You are right on some of your analysis but hopefully they all will learn from their mistakes and those who went before them,so don't rush to use those gift certificates.
whatever

Sandisfield, MA

#6 Feb 20, 2009
What was the tax agreement he had with the City of NA? Is he paying full property tax yet?
anon

Clockville, NY

#7 Feb 20, 2009
Truthsayer wrote:
Small towns and rumors. Amazing how a rumor can destroy a business. This story carries a valuable lesson:
Read the news, but keep your big yap shut and mind your own business, not everyone else's. Don't be a rumor/gossip monger/
Maybe you should blame the bank for purchasing the legal notice in the newspaper.

The foreclosure process started. That is a fact - not a rumor. That Jae managed to stop the process by negotiating is great, but he obviously still has problems. Hopefully he'll get them under control.
Reality debt

Northampton, MA

#8 Feb 20, 2009
Does anyone else see the irony that a story about a local entrepreneur swimming in debt appears on page one of the NAT right next to a story cheerleading a 'local' bank's decision to help save the local economy by making more loans that never will be paid? I'm sure the folks at Adams Cooperative Bank thought they were helping the local economy when they started handing out the free loot.

I guess it's no surprise that people think the way to save the area is to create more debt. That's the message from our so-called leaders in D.C.(on BOTH sides of the aisle), where they are mortgaging the nation's future in an attempt to fix a mortgage crisis.
anon

Clockville, NY

#9 Feb 20, 2009
Reality debt wrote:
Does anyone else see the irony that a story about a local entrepreneur swimming in debt appears on page one of the NAT right next to a story cheerleading a 'local' bank's decision to help save the local economy by making more loans that never will be paid? I'm sure the folks at Adams Cooperative Bank thought they were helping the local economy when they started handing out the free loot.
I guess it's no surprise that people think the way to save the area is to create more debt. That's the message from our so-called leaders in D.C.(on BOTH sides of the aisle), where they are mortgaging the nation's future in an attempt to fix a mortgage crisis.
You have no clue what you are talking about.
hrh

Schenectady, NY

#10 Feb 20, 2009
Unfortunately, there is a disturbing trend with Jae Chung. He can't sit still with one business for any length of time before closing it, changing it, or moving it. He opened the Inn, it was doing great, then he closed the restaurant there and moved it to Williamstown, where it sunk like a rock. Then he and his partners closed that and he moved a much less impressive restaurant back to the inn. He got involved in Spice, supposedly saving the day, and then bought the restaurant next door, Burger, which was making money, and as soon as he bought it, he closed it. He then promised it would reopen as a sports bar "in October or November." Now it's "on hold." He's done the same things in his Boston eateries. It's a shell game and eventually it will catch up with him.
Adams coop and Joe T

Clifton Park, NY

#11 Feb 20, 2009
Reality debt wrote:
Does anyone else see the irony that a story about a local entrepreneur swimming in debt appears on page one of the NAT right next to a story cheerleading a 'local' bank's decision to help save the local economy by making more loans that never will be paid? I'm sure the folks at Adams Cooperative Bank thought they were helping the local economy when they started handing out the free loot.
I guess it's no surprise that people think the way to save the area is to create more debt. That's the message from our so-called leaders in D.C.(on BOTH sides of the aisle), where they are mortgaging the nation's future in an attempt to fix a mortgage crisis.
why is the coop so much in love with restaurants? Jae Chung has problems in williamstown with his patners which the coop also lent a lot of money too. Joe T needs to get some Tarp quickly or merge with the Hoosack. Tim to give steve a call. he likes to merge with other banks that have issues.
Jae Time to Pay

Clifton Park, NY

#12 Feb 20, 2009
hrh wrote:
Unfortunately, there is a disturbing trend with Jae Chung. He can't sit still with one business for any length of time before closing it, changing it, or moving it. He opened the Inn, it was doing great, then he closed the restaurant there and moved it to Williamstown, where it sunk like a rock. Then he and his partners closed that and he moved a much less impressive restaurant back to the inn. He got involved in Spice, supposedly saving the day, and then bought the restaurant next door, Burger, which was making money, and as soon as he bought it, he closed it. He then promised it would reopen as a sports bar "in October or November." Now it's "on hold." He's done the same things in his Boston eateries. It's a shell game and eventually it will catch up with him.
The game can go on for so long and than the bank will put a foreclosure notice in the Transcript. Negotiating after the foreclosure notice is in the paper is bad for business.
eat here and get gas

Chicopee, MA

#13 Feb 20, 2009
i'll be dining at jae's tonight in a show of support to our local businesses. anyone care to join me? dinner around 7:30ish...
smoke stack steve

Williamstown, MA

#14 Feb 20, 2009
i was just by there. the lights are off and no cars in the lot? still open?
Just A Local

Gansevoort, NY

#15 Feb 20, 2009
I didn't hear anything about Jea's closing, but became curius when I saw the location was up for sale at $1,900,000...
I see it's still listed...

http://vow.mlspin.com/idx/details.aspx mls=70869437&aid=BB910328

What will happen to the restaurant if the place gets sold???
local man

Amsterdam, NY

#17 Feb 20, 2009
hey just a local nothing comes up
adams girl

Gansevoort, NY

#18 Feb 20, 2009
Just a local, your link did not work...only half is highlighted. I copy and pasted anyway and it still didn't work.
Reality debt

Northampton, MA

#19 Feb 20, 2009
anon wrote:
<quoted text>You have no clue what you are talking about.
Why? Because you're the kind of person whose idea of financial planning is to max out one credit card and pay it off with another?

There's a name for folks like that. It's 'Congressman.'
Just a local

Gansevoort, NY

#20 Feb 21, 2009
They removed my following post... I realized the link did not work. If you Google "Real Estate, North Adams MA. When the results come up, click on the 174 results, then refine search by price, type in $1,000,000 in the lowest price in the range box... Jea's will be shown at $1.9 million, it's listed with a Southebys agent out in Boston...
Just a local

Gansevoort, NY

#21 Feb 21, 2009
I just visited the agents site
www.gibsondomaindomain.com
Jeas is no longer listed. They must have removed it since dealing with the bank.(The page must have been cached on my computer) Sorry for the goose chase, but it was listed for $1.9 mill

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