Business Notes: Oct. 20, 1986

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The spicy dish known as blackened redfish has virtually disappeared from Cajun restaurants. Reason: the U.S. Government imposed a temporary ban in September on the harvesting of redfish in federal waters in the Gulf of Mexico. Noting that a nationwide craze for Cajun cooking had boosted the demand for red-fish, conservation officials became concerned that the species would be wiped out.

The fishing ban is set to expire in December, but the Commerce Department has proposed that the prohibition be extended through 1987 so conservationists can ensure the redfish's survival. Meanwhile, Cajun chefs claim to have tasty substitutes, including amberjack and black drum.

Vacationers often try to get away from it all, but the guests at a hideaway opening next month in Key Largo, Fla., will be going to a new extreme. Jules' Undersea Lodge will debut as the world's first luxury underwater hotel. The 50-ft. by 20-ft. steel-and-acrylic structure, which will be anchored 30 ft. beneath the surface of the Bora Bora Lagoon, can accommodate only six guests, who must be qualified divers. In addition to an excellent view of aquatic life through 42-in. portholes, the hotel will offer suites with a TV set, VCR and personal computer. A dining area is equipped with a symphonic sound system, microwave oven and refrigerator. The small size makes the daily rate steep: $300 a person. Even so, the lodge is booked solid for the first month.