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The recession has reached the ritzy Rainbow Room, the special-occasion spot that overlooks midtown Manhattan from high above the tourist-attracting Rockefeller Center skating rink.
With business slowing and the lease in dispute, the venue's Italian-themed Rainbow Grill restaurant plans to shutter as of Jan. 12, a spokesman said Saturday. Its bar, banquet space and the weekend dinner-dancing sessions that reflect its glamorous history will continue on the 65th floor.
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