The city estimated that $2 million in revenue was lost every day of the 19-day strike.
"I have always believed that the best way to resolve labor disputes is around the bargaining table, and tonight's tentative agreement proves how true that is," said Bloomberg in a released statement Nov. 28.
"Tonight's announcement of a tentative agreement between the Broadway stagehands and theater producers is great news not just for everyone who earns their living on or around Broadway, but for everyone who lives in, works in, or visits New York City."
Prior to the union and labor dispute, Bloomberg — who was instrumental in the Broadway musician's strike of 2003 — had offered to mediate negotiations and then once the work stoppage began, proposed a neutral space for negotiations. Both were respectfully declined by Local One.
During the strike, Mayor Bloomberg's office teamed with NYC & Company and the Times Square Alliance on a "Dining in the District" restaurant discount (Nov. 17-25) as a means to counter the loss of business in New York's theatre district. The special week-long dining program offered 15 perecent discount on lunch or dinner to all patrons at more than 25 participating restaurants in the area surrounding Broadway theatres.
"Dining in the District is a great opportunity for New Yorkers and visitors to enjoy some of the best restaurants in the Theatre District," said Mayor Bloomberg in a statement. "While we hope that an agreement will be reached as soon as possible, I encourage New Yorkers and visitors to take advantage of this great deal and help support restaurants."