Lake Chabot Public Market Up for Sale

Hans Cho, whose family owns the Public Market, told the Forum that rebuilding is too expensive and goes beyond the business insurance coverage. 

Faced with a hefty price tag to rebound from a devastating fire, the family behind the Lake Chabot Public Market said last week that it will now prepare the site for sale. 

Hans Cho, whose family owns the Public Market, told the Forum that rebuilding is too expensive and goes beyond the business insurance coverage. 

“All of the cost proposals we received from contractors were, on average, $2 million over budget, Cho said. “We have concluded that we will not be able to rebuild and will proceed to sell the property.”

On May 30, 2024, a devastating three-alarm fire engulfed the Public Market, collapsing the roof and destroying six businesses. Initially, the Cho family was optimistic about rebuilding the popular food spot. However, ongoing investigations have slowed the process down, Cho added. 

“Despite having insurance, we still have not received any financial assistance from our insurance company,” Cho said. “It's now been well over 90 days, and the delay has left us struggling to cover essential expenses.”

In the meantime, supporters of the Cho family launched a GoFundMe campaign for Mama Cho's BBQ. To date, the fundraiser has reached more than $15,000 of its goal of $100,000. 

Organizers say the funds will supplement 60 days of payroll for the hardworking staff who have “always been the heart and soul of the business” and outstanding invoices. 

“Suppliers and vendors have been incredibly patient, but settling these debts is crucial for the business to move forward,” Cho said. 

Separate Go-Fund-Me campaigns are also ongoing for Shumi Ramen and Poke Go, two other businesses lost in the fire. Each one has raised more than $8,000 to help support their company’s recovery. 

Visit https://www.gofundme.com/f/support-mamachos-bbq-bay-area to support Mama Cho’s BBQ.