Central Park's Loeb Boathouse closing for good after 150 years

A New York City landmark restaurant is closing its doors permanently after 150 years in business.
Central Park's Loeb Boathouse will shut down in October. It is the only Manhattan eatery and venue on a lake.
The restaurant's owner says they are closing "due to rising labor and costs of goods."
The owner say 163 employees will be laid off.
There is no current plan yet on what will replace the eatery.