There is hope that a fast food restaurant unique to Chicago will be able to stay open in the River North neighborhood– despite a foreclosure lawsuit.
Midwest Bank is suing the owners of Mr. Beef, 666 N. Orleans, to collect $650,000 the bank says it is owed.
The son of one of the owners tells ABC7 talks are underway to extend their loan. Several banks are offering to help.
[From Mr. Beef facing financial problems – 2/11/09 – Chicago News – abc7chicago.com]
Can’t say I’ve ever eaten at Mr. Beef, but it is a Chicago institution, favored by many who like slurping juicy hot beef sandwiches.