UPDATE: Keg corporate spokesman Doug Smith this afternoon confirmed earlier reports that the University Place Keg will indeed close Jan. 19.
Smith said the lease was expiring, and the Canada-based chain opted not to renew it.
Because of the building’s age, he said — The Keg had occupied that location for more than 30 years — the building no longer met its standards. The Keg would have built or leased a new structure if it had opted to continue in the market.
The restaurant business has been strongly affected by the economic downturn, and the chain made a business decision not to make a new investment, he said.
Restaurant managers recently met with the 43 staff members to inform them of the decision. The same news was broken to employees of the Renton Keg as well.
“We wanted to continue through the holidays and give them plenty of notice of the closing,” he said.
Staff members may apply for vacant positions at other Kegs in the area, he said. The chain has three restaurants remaining in the state: Kirkland, Factoria and Lynnwood.
ORIGINAL POST: University Place Patch is reporting that The Keg in University Place will close Jan. 19.
It opened in that location in 1981, according to Patch, and employs 43 people there.
I’m working to learn more, but in the meantime, what do you all think? I was surprised by this. My husband and I eat there semi-regularly. It’s been a tradition for us since we started dating in 2005, and frankly, I just love the food. When we are there, every two months or so, the place is packed. Is there more to this story than a struggling economy?