Squeezed by costs, Threadgill’s looks for way back from the brink


Highlights

Owner says he’ll remain if tenant can be found

Landlord: We want Threadgill’s to be tenant “for many years to come”

Is Threadgill’s closing?

Maybe. Or maybe not.

Owner Eddie Wilson said rising property taxes, rent and insurance totaling $38,000 a month – a more than 500 percent increase in the past five years, he said — have made it difficult to keep open his Threadgill’s World Headquarters restaurant and concert venue just south of downtown.

Wilson said Monday that if circumstances don’t change, he expects to close the venue sometime after the SXSW music festival in March. He previously made similar comments in an interview with the Austin Chronicle.

However, Wilson also told the American-Statesman on Monday that he continues to look for ways to keep Threadgill’s open. “I’m going to refuse to quit fighting,” he said.

For the full story, go to www.mystatesman.com.



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