Report: Battle between billionaires over Nantucket restaurant now resolved

Native Information

Charles Johnson and Stephen Karp reportedly met lately to finish a feud that involved a brand new restaurant’s proximity to Johnson’s Nantucket dwelling.

The brand new Straight Wharf Fish Market underneath development on Nantucket earlier this yr. Gabriel Frasca and Kevin Burleson

The billionaire battle enjoying out over a Nantucket restaurant has lastly concluded, in response to new stories. 

Charles Johnson, a 90-year-old who made his fortune in main funding agency Franklin Sources and is now principal proprietor of the San Francisco Giants, took difficulty with a brand new restaurant that was opening in shut proximity to a house he owns on Outdated North Wharf. As a part of the resuscitation of the Straight Wharf Fish Retailer, native restaurateurs sought the addition of a full-service eatery. 

In an interview with The Nantucket Present final month, Johnson singled out Stephen Karp, the billionaire who oversees Nantucket Island Resorts. Karp owns many Nantucket properties together with the restaurant. 

However this week, the Present reported that Johnson and Karp had met privately to resolve their feud. 

“Charlie and I’ve shaken palms as neighbors and we sit up for the chance subsequent summer time to take pleasure in a shared dinner of clams over a beer at Gabriel’s new restaurant,” Karp informed the Present

The battle had been brewing since not less than March. In Could, Johnson requested Nantucket Superior Courtroom to invalidate the restaurant’s liquor license. In a criticism, Johnson stated officers disregarded the adverse impact the restaurant would have on abutting residences, and that it could generate site visitors, noise, and parking issues. 

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Johnson additionally claimed native officers “ignored the applicant’s misrepresentations on the constructing allow purposes as to the character and scope of the renovations and use of the premises.”

Talking with the Present final month, Johnson stated the principle sticking level was only one facet of the brand new constructing: an exterior mechanical system that was put in on a aspect of the restaurant overlooking Johnson’s property. Johnson stated he didn’t need fumes from the business kitchen flowing proper into his property, and had issues concerning the noise it’d generate. These in control of the restaurant stated it was merely the institution’s HVAC system, and can be correctly screened in. 

At their assembly, Johnson and Karp walked to view the location collectively and concluded that the mechanical system can be moved to a different a part of the constructing, pending approval from native officers. Karp had not seen the design in individual, the Present reported. 

Johnson informed the outlet that, as soon as Karp noticed the scenario for himself, he “acted instantly and responsibly.”