Word: costs
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Dates: during 1970-1979
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...Place, for example, has grown in the past seven years from one place in Kansas City to a national chain of 18 restaurants, featuring stained glass, antique kitsch and rock music. Recently bought by W.R. Grace, Houlihan's will open ten new restaurants this year at a cost of $1 million each. Part of Houlihan's decorating inventory, two warehouses full, came from Wilson's earlier auctions...
...situation is wonderful enough, evidently, to make it seem economically sensible to pay $10,000 for several pieces of stained glass put together into a ceiling that might have cost $1,000 a few years ago. ("So it's gotta be worth $20,000 in a coupla years, right?") But if that $10,000 ceiling goes into a building on the National Register of Historic Places as part of a renovation approved by the Department of the Interior, it can be written off under recent preservation and renovation tax benefits. Or, as a capital improvement to a building...
...total, a satisfied Wilson reports: "upwards of $7½ million." The pub is duly dispatched, to be knocked back into the bits and pieces of wood and glass from which it came and shipped off by container-arriving as one big jigsaw puzzle. The transportation and reassembly may cost as much as the object itself. But, insists Dennis Gibbons of Grand American Fare, "you couldn't build a paneled room for the price of these pieces. You can't get this stuff any more...
Meanwhile, the DOE has drawn up detailed regulations for its plan, which it estimates will cost approximately $8 million to implement. Building owners will be given 30 days to post certificates of compliance, and can be fined up to $10,000 for violations. Still, many state and local governments are reluctant to cooperate. As one DOE official readily admitted, "the success of the program will largely depend on voluntary compliance...
They are also a good deal more expensive-at least for the time being. A digital disc goes for roughly twice the price of an average album. "I don't see why digital recordings have to cost $15," says RCA's Shepard, who is preparing to undercut the competition with a $10 digital record of Eugene Ormandy and the Philadelphia Orchestra in hot pursuit of a Bartok concerto. Warner Bros. Records, Inc., will bring out its first digital record next month, Ry Cooder's lively excursion into rhythm and blues, Bop Till You Drop. Warner is thus...