Victoria Station is still working on its restructuring.

Victoria Station of Larkspur, Calif., said its negotiations with lessors, lenders and other parties to restructure certain obligations are taking longer than hoped and probably won't be wrapped up in the near term. Victoria Station, which has posted losses during the last three years, said that revenue has continued to decline. The restaurant company said it might have to consider "other alternatives" if progress isn't made on the restructuring and if revenue doesn't improve.

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