Longbranch Saloon closes doors
Posted July 7, 2008 8:20 p.m. EDT
Updated October 12, 2011 9:50 a.m. EDT
Raleigh, N.C. — The Longbranch Saloon, which bills itself as the state's longest-running nightclub, has closed its door due to financial troubles.
Enough money was not coming in for the country-music club to keep up with a repayment plan for its debt, said Dan Wood, a former manager of the club.
Wood said that high gas prices kept people from surrounding areas from coming to the club and that summer is also usually a slow time for business.
On Monday, a judge appointed Holmes Harden, an attorney with Williams Mullen, as an outside bankruptcy trustee of the Longbranch's assets.
The club filed for Chapter 11 bankruptcy several months ago, saying that it had fallen $300,000 into debt after closing in 2006 for renovations to meet the city building code.
In February, the Longbranch appealed to the people on its e-mail list for donations to help the club pay its debt.