Tuesday, October 7, 2008

So Long Elk Grove Brewery

I've known the business was struggling for some time, but in today's Sacramento Bee I see that Elk Grove Brewery has officially folded. This place made several great beers and the brewer there is a top-notch guy. We wish him and the staff at EGB the best.

From the Bee

In Elk Grove, one of the hardest-hit communities in the region, a longtime business folded over the weekend: Elk Grove Brewery & Restaurant in the Old Town business district.

While the brewpub was hurt initially by extensive construction in the neighborhood, which curbed access to the site, ultimately the economy put the business under.

The Correa family, which bought Elk Grove Brewery & Restaurant in 2003, had to "turn it over to the bank and walk away, unfortunately," said the brewpub's attorney Matthew Eason.

The brewpub was hurting long before the credit crunch became front-page news. But the lack of financing is crippling those businesses that are trying to get off the ground.