The chain's Big Easy restaurant, closed since August 29 because of Hurricane Katrina, was put up for sale in April.
"We have determined that the New Orleans business community is at the point where it can support [a Smith & Wollensky]," said Alan Stillman, chairman and CEO.
The search for new locations has been complicated by expansion of quality locations across the United States, Stillman said. But the company has narrowed the expansion plans to three potential sites, and is in lease negotiations. The first new unit would likely not open before July 2007.
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