$2M loan could revive shuttered shore restaurant
A landmark Jersey shore restaurant that was demolished by Superstorm Sandy and moved inland, only to shut down when business was slow, may have a future after all.
New Jersey’s Economic Development Authority approved $2 million in loans for Jakeabob’s, the bar and restaurant on the Union Beach waterfront that was smashed to bits by the Oct. 2012 storm.
Owner Gigi Liaguno-Dorr opened a new eatery in rented space last year, but shuttered it in March due to slow business and an inability to find financing to rebuild.
The shutdown became a symbol of the difficulties some businesses and individuals still have as the second summer after Sandy approaches.
Liaguno-Dorr now says she hopes to start rebuilding by the end of this year — 10 feet higher than before.
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