Home Archives January 2009 At this bar, you buy low, get high

At this bar, you buy low, get high

| Print |  Email
Thursday, January 01, 2009

PORTLAND Remember Nov. 20? Sure you do. That was the day the Dow stopped simply practicing for the Winter Olympics and became a gold medalist in downhill catastrophe, dropping 445 points to a mind-boggling 7,550.

Be honest. Did you drink? A lot? If not, maybe you should have. West Cafe in Southwest Portland had been matching the Dow, day by day, with corresponding drink specials. On the 20th, house martinis were going for $4.45 — or as the bar put on its daily blog, “Might as well drown your sorrows in the cheap stuff!”

The 2-year-old West Cafe looks more “Mad Men” than day-trader watering hole. But from the end of October through November, co-owner Sean Concannon scrambled to transform Wall Street’s daily ticker into a specials menu. On Nov. 6, the Dow was down 443 so $4.43 got patrons a glass of “hallucination inducing” Lucid Absinthe; on Nov. 21, the Dow was up 494 so a draft beer and two sandwiches went for $4.94.

With tongue firmly in cheek, Concannon describes the drink deals as part of the restaurant’s economic stimulus plan for Portland. So far it appears Portlanders like being stimulated with booze. Despite the economy, business was strong for West Cafe during late fall and early winter; traffic to the cafe’s blog (which announced each day’s deal) quadrupled over the same period of time.

Cafe West’s Dow-based drink deals have gone the way of the adjustable-rate mortgage (Concannon said it was exhausting trying to keep up every day). In their place are deals based on a regularly updated list of bail-out beneficiaries. For instance, the Fannie Mae is a bourbon blood orange Old Fashioned that “might hurt you more than it hurts them, but you won’t feel it until later.”

Or if you’re looking for your own personal bailout, whispering, “I’ll do my part to make a difference,” to your waiter will earn you a free gourmet chocolate chip cookie.           

ABRAHAM HYATT
ImbibeIndex

Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

 

More Articles

Rapid ascent

March 2014
Tuesday, February 25, 2014
IMG 4255-2BY AMY MILSHTEIN

Kelly Dachtler, president of The Clymb, redefines outdoor retail.


Read more...

Workplace benefits

March 2014
Tuesday, February 25, 2014

Health care and vacations rule. That’s the consensus from our reader poll on workplace benefits that help retain and recruit employees.


Read more...

Video: Kickstarting Oregon business

News
Thursday, March 27, 2014
02.04.14 Thumbnail VideoBY JESSICA RIDGWAY | OB WEB EDITOR

Watch this OB Original Video about three Oregon companies and how crowd-funding "kickstarted" their business ideas.


Read more...

Green your workplace

News
Thursday, April 03, 2014
100Green14logo200oxBY OB STAFF

Learn how to green your workplace and lower your environmental footprint at the office. Oregon Business presents a two-hour "Greening Your Workplace" seminar on May 28th, 2014 at the Nines Hotel in Portland.


Read more...

The future of money

March 2014
Tuesday, February 25, 2014
BY JAKE THOMAS

An ancient institution moves slowly into the digital age. 


Read more...

The 2014 List: The Top 33 Small Companies to Work, For in Oregon

March 2014
Thursday, February 27, 2014

100best14logoWebOur 100 Best Companies project turned 21 this year, so pop open the Champagne. Our latest survey gives us plenty to cheer.

 


Read more...

The 2014 List: The Top 33 Large Companies to Work, For in Oregon

March 2014
Thursday, February 27, 2014

100best14logoWebOur 100 Best Companies project turned 21 this year, so pop open the Champagne. Our latest survey gives us plenty to cheer.

 


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS