NEW YORK (CBSNewYork) – The owner of the New York Sports Club has filed for bankruptcy.
Town Sports International, which owns hundreds of gyms along the East Coast, says revenue loss during the coronavirus pandemic is to blame.READ MORE: New NYPD 'Digidog' Robot Raising Questions Among New Yorkers
Back in June, it laid off much of its 7,000 person workforce and stopped paying rent to save money.READ MORE: Bloomfield High School Senior David Odekunle, Who Grew Up In Nigeria, Receives Acceptance Letters From 7 Ivy Leagues Schools: 'It's Like A Once-In-A-Lifetime Feeling'
Town Sports listed liabilities of $500 million-$1 billion in its filing.MORE NEWS: Officials Say Long Island Rail Road Is 'Safer, Cleaner, More Reliable' Than Ever As They Beg Riders To Return
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