BLOOMINGTON, MINN. (KFGO Learfield) – Minnesota-based Granite City Food & Brewery is filing for Chapter 11 bankruptcy while it prepares to auction off its business and assets.
The bar and restaurant chain opened its first location in St. Cloud in 1999.
Granite City’s board of directors determined a restructuring was needed and could only be accomplished through a bankruptcy filing. The company secured a loan to fund operations until an auction can be completed in February.
Granite City has 25 restaurants in 13 states, including one in Sioux Falls. The website for the Sioux Falls restaurant said the business was open for business as usual today.
(KFGO, KELO Radio’s sister station in Fargo, contributed this report.)
