"Nicholas Gray" news and stories

Long before Manhattan eateries started lowering prices to bring in depressed (and recessed) customers, Gray's Papaya was famous for its amazing "Recession Special." Debuting in the 1990's, the special originally cost $1.95, but rose to its current price of $3.50 in the early 2000's. Consisting of a medium tropical beverage and two hot dogs, the combination of two perfectly prepared hot dogs and a medium fruit drink has become a New York institution and one of the city's best bargains.

Unfortunately, the arrival of a real recession has forced the hot dog retailer to raise the price on its special. In February, seeing the writing on the wall, Gray's founder Nicholas Gray began warning customers that a price increase was on the way. This week, it finally came to pass: the special has now gone up to $4.45.

Even with the increase of $0.95, the special is still a great deal, and a great way to weather economic hard times. Let's just hope that things get better before Gray's has to break $5!