YORKVILLE – Roadhouse Country Bar & Grill could be soon re-opened under new management following its sudden closure last month.
Lynn Dubajic, the city's economic development consultant, said it looks like there is a group of people coming together to re-open the restaurant at 1901 S. Bridge St. She said the new group of people is working to create their own LLC, is working with the landlord to put their signatures on the new lease and that she immediately urged them to apply for a liquor license with the city as soon as the agreement is signed.
"So within the next week, we will have the name of who the entity is and who the people are," Dubajic said.
The update comes after owner Greg O'Leary confirmed that the Illinois Department of Revenue shut down the restaurant on June 6 due to money being tight and the business being behind on state tax payments.
O'Leary said the landlord of the property asked him what was going on and he had told the landlord that the company's foreclosure situation with First Midwest Bank regarding Yorkville Bowl and Pinheadz in the 1200 block of North Bridge Street is still holding things up. He said he ended up signing a no-contest eviction notice for Roadhouse Country Bar & Grill because it wasn't fair to keep employees and patrons waiting if there was someone else that could get the business back up and running faster than he could.
"it’s more important to me that the place be open," O'Leary said.
Yorkville Bowl, Pinheadz update
Similar issues with the state also lead to Yorkville Bowl and Pinheadz, also owned by O'Leary, temporarily closing in May and the buildings going into foreclosure last month. Court records said First Midwest Bank filed a foreclosure complaint and the borrowers are in default of loans that were part of the property's first and second mortgages, with the amount totaling more than $1.6 million.
City officials also asked about the status of the property, which is still publicly listed for sale for $3.5 million, during the Tuesday, July 2 meeting. Dubajic said the buildings are still in receivership, meaning someone has been named by the court to maintain the building and make sure everything is safe and to collect rent from tenants Subway and China Garden in the building next to Yorkville Bowl and Pinheadz.
O'Leary said the bar and bowling alley in Yorkville and Lakewood Bowl, another bowling alley that he owns in Richton Park that is also closed, are not on the same note but have separate mortgages with the same bank.
“Really what it boils down to the tail end of it is that they are cross-collateralized," O'Leary said. "So they come and go as a package.”
Dubajic said if the business is not sold, the foreclosure case continues and could take more than six months to get resolved. She said the bank would have to go through the foreclosure process in order to sell the buildings in the different municipalities separately.
"While we sure don't like to see it closed, it's just out of our hands," Dubajic said.
O'Leary said the goal is still to re-open Yorkville Bowl and Pinheadz under the current ownership. He declined comment on how many purchase offers there have been on the Yorkville buildings since the foreclosure process began, citing legal concerns.