Remember how the Whiskey Junction closed down because its owners felt it would eventually lose money because of the impending $15 minimum wage?
Well, they're getting a pretty payout for their property, which is being sold to its next-door neighbors for a cool $1 million, according to a recent certificate of real estate value filing.
The After Midnight Group, which you might know is the company that owns the Cabooze and Joint bars next door to the Whiskey Junction on Cedar Avenue, right beside the Franklin Avenue light rail stop.
The group is also owner of the Cowboy Jack's bar chain, which has several metro area locations, and Cowboy Slim's in Uptown.
But rather than keeping the Whiskey Junction as it is, it looks as though the After Midnight Group is changing it up, with the filing saying the use of the building and lot would be as a sports/convention/entertainment venue.
That said, After Midnight's co-owner Anne Loff told the Business Journals that they have no set-in-stone plans for Whiskey Junction, and that registering it as an entertainment venue was about "keeping all our options open."
When announcing its closure in December, former Whiskey Junction owner Tom O'Shea said the decision by Minneapolis to implement a $15 minimum wage without giving any credit for tips would harm the restaurant industry.
Even though the minimum won't hit $15 for several years yet, spokeswoman Sara O'Shea told GoMN: "A smart business operates on a 5+ year plan. If you don't foresee being able to be successful in that time, quitting while you're ahead may be the best decision."