In a display of fancy footwork, a new dancing partner has sashayed into Rochester's Fred Astaire Dance Studio.
The Rochester International Dance Studio is now dancing side-by-side with Fred Astaire at 1751 U.S. 52 N. Owner Terri Allred moved her International Dance Studio from 3270 19th St. N.W. earlier this month.
This move puts Allred back in step with the ballroom studio owner, Andrea Mirenda. Allred originally began teaching Middle Eastern dance in Rochester on Mirenda's dance floor.
In 2009, Allred then began teaching classes in her own studio on 19th Street, near the Rochester Athletic Club.
"We were in a kind of starter studio. When we started looking for more studio space, Andrea and I decided it would be a really good match for us to share space," she says.
The pairing is possible because Fred Astaire has two dance studio rooms and it usually offers most of it courses and one-on-one instruction on weekday evenings. The International Dance Studio offers many morning and afternoon courses as well as weekend courses.
"Both studios are doing as much schedule-wise, if not more," Mirenda says. "It makes everything so much more energetic."
The studios are offering an eight-week pass that allows dance students to take a mix of classes from both studios. They also plan on offering a new membership program with unlimited classes for a monthly fee, like at a health club.
The Rochester International Dance Studio has scheduled a free open house and a pre-Valentine's Day show on Feb. 11. The open house will run from 5 p.m. to 7 p.m. will include demonstrations, entertainment, refreshments, door prizes, henna and more. At 7 p.m., the professional dance troupe, the Shaia Dance Collective, will perform their annual “Be My Habibi” Valentine’s Day show.
Buffets, Inc. announced today a restructuring agreement that it has reached with senior lenders holding 83% of its senior debt, which will recapitalize the Company while eliminating virtually all of the Company's approximately $245 million of outstanding debt. The recapitalization will provide the Company with resources to invest in its proven reconcepting program, as well as other restaurant and profitability improvement initiatives.------------
Under the proposed plan, the Company will eliminate its outstanding debt of approximately $245 million, as well as annual interest payments of more than $30 million. The pre-negotiated plan of reorganization anticipates the Company's existing lenders will receive 100 percent of the Company's new common stock upon emergence.
As part of the restructuring plan, the Company expects to promptly close 81 underperforming restaurants, representing approximately 16 percent of its nearly 500 restaurants nationally. "The decision to close these underperforming restaurants, though difficult, resulted from a comprehensive, store-by-store analysis of financial performance, occupancy costs, market conditions and the long-term strategy of our reorganized restaurant portfolio," commented Mike Andrews, Buffets CEO. In addition to the immediate restaurant closings, the Company is seeking more favorable lease arrangements with its landlords at other restaurant locations. To the extent those leases cannot be modified on acceptable terms, additional restaurant closings may be required.