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Despite selling its building, student favorite Stub & Herb's is sticking around

It's been bought by the University of Minnesota Foundation.

Given the pace of change around the University of Minnesota campus in recent years, you can forgive fans of Stub & Herb's for fearing the worst when they learned its building had been sold.

But the Stadium Village favorite says it expects to be staying at its Oak Street location for the foreseeable future, despite selling its real estate to the University of Minnesota Foundation.

First reported by the Business Journals, the foundation also bought the adjoining Jimmy John's shop as it continues to amass land in the neighborhood.

But for Stub & Herb's, which first opened on the U of M campus in 1939, the sale doesn't mean it'll go the same way as so many local favorites in recent times.

"We fully expect to be in our current space for 7-10 years," the bar-restaurant said on its Twitter account, responding to reports about its speculated demise.

Owner Josh Zavadil told the Business Journals that he had been approached by apartment developers almost monthly, but decided to sell to the U of M Foundation because they all wanted to tear down his restaurant straight away.

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The U of M, on the other hand, has a "long-term vision" for the area that he hopes Stub & Herb's will very much be a part of.

"I understand the frustration with development in Stadium Village which is why we chose to work with The U," he wrote on Twitter.

"We feel like they are taking a long term view of the area and not looking to throw up another apartment building immediately."

U of M students current and former have been dealt a series of blows in recent years as their favorite haunts disappeared, with CityPages noting that the past decade has seen Vescio's Italian Restaurant, Dinkytowner Cafe, Biermaier's Books and Espresso Royale depart, among others.

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