Red Lobster has closed at 15700 Shady Grove Road. The seafood restaurant chain announced late Sunday night that it is filing for Chapter 11 bankruptcy. "This restructuring is the best path forward for Red Lobster," CEO Jonathan Tibus said in a statement. "It allows us to address several financial and operational challenges and emerge stronger and re-focused on our growth. The support we've received from our lenders and vendors will help ensure that we can complete the sale process quickly and efficiently while remaining focused on our employees and guests." As part of its bankruptcy filings, Red Lobster will close some locations, sell some - or potentially all - of its assets, and sell its business to a new entity "formed and controlled by its existing term lenders."
This is especially sad news for residents of the Upper Rock neighborhood. The closure removes one of the main dining options within walking distance of the apartments there. Can we get an Olive Garden or Texas Roadhouse into this empty building? Montgomery County may be the only jurisdiction of its size in America to have neither. The machinations of the Montgomery County Council against those brands, Walmart, Cracker Barrel, and modernity in general are truly bizarre! Believe it or not, your constituents want unlimited bread sticks, and to be able to buy beer and wine at Giant and CVS!
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