Eleven Madison Park is one of the top restaurants in the world, and when it reopens post-COVID, it will be ~vegan. elevenmadisonpark.com
This is just inconceivably daring to me—expectations for this echelon are already impossibly high, competition already intensely fierce.
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A lot of eating habits in general tend to filter down from high-end cooking. you can trace a lot of the food we consider "casual" now to fine dining. I don't think that it's a bad thing but I don't think it's as high of a risk as you make it out to be.
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This is the cynic in me speaking, but NYC Red Guide standards have never been particularly high even on the 3* spectrum. This plus obvious political reasons (COVID + Sustainability) means EMP is very unlikely to be demoted even if standards slip
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Yes, I think you're right that they're unlikely to lose their third star—but my sense is that they're much more interested in international ratings, etc.