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To be honest, the place occasionally had a couple problems back in the 1990s with some drugs in the alley behind it, but that was cleaned up by having more cruisers driving through there as part of their routine. The place still fills up almost every night of the week, because the weeknights have specific themes for each day, each with it's own following. The weekends are always bands, sometimes up to 6 or 7 in the same afternoon/night, including Sundays, at the least 2 bands at night. DJ Martini and "Old Man Mondays", Live Jazz combos Tuesdays (very good stuff). Techno/EDM Wednesdays. Swing dancing Thursdays. Bands Fri-Sun. It's generally jam packed then, probably far more than the fire marshal would allow. I still visit over holidays and a lot during the summer.
The guy that ran the business that was referred to in the article with "failing health" issues was the one that I worked for (Tommy). He's the one that really made it what it is, but in 2008, his chronic problems which had been around for years made him stop working, and he turned it over to his daughter that worked there at the time. She's maybe my age or 2-3 years younger than me, and has been able to maintain it well.
The person that sold it isn't poor if it's who I think it is. The person the article says sold it has the same last name. I think it's the grandmother of the girl that has the bar now or mother of the guy that I worked for. They are not hurting financially at all if they're able to live on a few thousand every night of the year and showing up with Corvettes (plural) and behemoth luxury SUVs. A tiny little hunchback lady that used to get the money drawer at the end of last call. I never really talked to her; she wasn't ever there except for maybe a minute per night. Somehow nobody ever fucked with her, even if she had a cane in one hand and a bag of a few thousand bucks in the other hand.
The place was sold for less than $200K. It has 4 floors plus a decent finished basement, and although there's some significant interior renovations needed in the upstairs floors, the main level isn't actually bad at all if you ask me. When I was around more often, The whole (interior of the) building outside of the main floor may have needed a face lift but was still in pretty safe/sound shape, but I guess now the roof needs a replacement, maybe $10K-$20K job. The rest of the exterior is fine. I just wish the new owner would give the place a chance to give him/her good money. It's a good place.
Don't forget to live before you die.
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