Tavern on the Green to Become Hot Dog Stand

It seems unlikely that New York City’s rich and famous will still frequent Tavern on the Green in the near future: After months of negotiations between restaurateur Dean Poll and the city, the parties have failed to reach a deal—and the structure is now slated to become a visitor center and hot dog stand, the New York Daily News reports. "It's disappointing that an agreement could not be reached," Mayor Michael Bloomberg said. "The city tried to play the role of honest broker, but the two sides remain far apart." The 140-year old Central Park landmark brought in around $27 million last year, making it the highest-grossing restaurant in Manhattan, but it closed its doors after filing for bankruptcy protection in September 2009. The frustrated Poll had plans for a $25 million renovation.