He said he was trying to resolve those issues as quickly as possible.
According to the New Zealand Companies Office, Chitosan Marketing Limited, the company that owns the restaurant, went into liquidation on December 2 after being incorporated in August 1998.
A new company, Eat Street One Limited, was registered on the same day.
The companies office website lists Mr Knight as sole director and shareholder of both companies.
Meanwhile, Eat Streat business owners said it had been tough going during construction of the new $2 million Eat Streat upgrade and they were looking forward to it officially opening.
Indian Star owner Ray Singh said while takings were down, he was looking forward to a prosperous future once construction had finished.
"We'd like all the businesses on Eat Streat to be open and doing well," he said.
"The work has had an effect and slowed business down, but it's a good thing the council are doing.
"When it's finished it will be good for the town, for our tourist and for Eat Streat businesses."
Mr Singh said if he had one complaint it would be that construction should have started earlier.
Arawa Fine Wines owner Sharon Bell said she had also noticed a downturn in business but was feeling positive about the future.
"We are definitely down, no two ways about it," she said.
"This is usually our busy retail time. I'm not sure if it's just the economy overall or due to the construction, but when it's finished it will be fantastic for Rotorua."