Even as it faces a record deficit of its own, the county Harbor District is deferring rent for five of its tenants to help them beat hard times.
The district board voted Wednesday to defer rent for three months for three restaurants and two sports fishing businesses that rent space at Pillar Point in Half Moon Bay, Harbor District General Manager Peter Grenell said.
Princeton Seafood Co. and Market, Ketch Joanne Restaurant and Bar, Ship to Shore Restaurant, Huck Fin Sportfishing, and Half Moon Bay Sportfishing & Tackle will all qualify, but may not all choose to take the deferment, Grenell said. If hard times persist the businesses can wait beyond the three months to pay the rent, but interest will begin accruing.
“It’s a Band-Aid and that will help in the short term, but you will have to pay it sooner or later,” said Ron Nunes, owner of Ship to Shore.
Grenell said the rent deferrals would amount to about $27,500 if all five businesses decide to take them.
“It’s not that huge for us but it’s big for the businesses,” Grenell said.