The Bamboo Club Asian Bistro will end its 10-plus-year run at Park Place mall on Sunday after failing to negotiate a lease deal with the mall.
Owner Paul Lakers said Park Place terminated his lease as part of Lakers' bankruptcy filing in September. The restaurant and mall had renewed the lease in July, and Lakers said he had been current with his payments since. But he acknowledged he had been in arrears before July, although he would not say by how many months.
Brighid Brown, marketing manager for the Tucson and Park Place malls, said she could not comment on Tuesday.
Bamboo Club, 5870 E. Broadway, opened at Park Place in 2002, part of the Phoenix-based Mainstreet Restaurant Group that included nearly 60 TGI Friday locations. Mainstreet, which no longer exists, spun off Bamboo Club, and Lakers acquired the Tucson location through a licensing agreement in 2008.
"We were able to keep it going for the last 4 1/2 years," Lakers said. "Had I not entered into the agreement, I am sure it would have closed."
Lakers said he and his 50 employees will be out of work once Bamboo Club closes Sunday night.
"If I can find the right opportunity, I would love to continue the Bamboo Club tradition in Tucson," he said. "I don't know the likelihood that I'm going to be able to do that, but it is something that we're exploring."
Bamboo Club will be open from 11 a.m. to 9 p.m. today and Thursday and until 11 p.m. Friday and Saturday. On Sunday, it is open from noon to 8 p.m. and will be serving a buffet ($15 per person).
Contact reporter Cathalena E. Burch at firstname.lastname@example.org or 573-4642.