"It used to be that an owner could lease a crappy building in a warehouse district at a reasonable rate and put a million into renovations to have a nice bar and nice decor," Mr. Coburn said. "As development has eliminated all those crappy areas in town the problem is that everybody has doubled or tripled their leases when they've come up for renewal."
"There is a shifting tide in the D.C. nightlife arena," said Skip Coburn, president of the D.C. Nightlife Association, noting that the popularity of larger-than-life nightclubs is waning with investors and owners.
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