What are they talking about?

M: Have you been to any good restaurants lately? I’m looking for somewhere special to take my wife on her birthday. (68)
W: Well...My fiance and I tried Clancy’s Seafood Bar last weekend.
M: Oh, really? I read in the local paper(69)last week that the food and atmosphere there are superb but the price is a bit on the steep side.
W: It’s true that the food is really very good,(70)and the price is a bit on the expensive side. However, the place is a bit too formal for my liking: I couldn’t really relax there.