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Three-Legged Monkey Bankruptcy Filing May Keep it in Business
Wednesday, June 6, 2012 - 12:22am
EL PASO — The owner of the Three-Legged Monkey has announced the business will filing for Chapter 11 bankruptcy, in order to save the bar.and the jobs of employees there
The bar has created controversy in the neighborhood of Hawkins Plaza. Neighbors have long complained about the bar's loud noise and late hours.
Patriot Place Limited owns the shopping center which includes the bar. Now the city has entered negotiations to purchase long term leases, presumably with the intent to remove the bar as an "undesirable tenant".
The city appears willing to spend nearly 3 million dollars for the exchange. The bar's strategic Chapter 11 filing is designed to forestall the sale and keep the Three Legged Monkey in business.