The Cadillac Ranch All American Bar & Grill and the Rack & Pinz bowling alley shuttered their doors last weekend.
Legends and city officials are calling the closures “unsurprising.”
“When you look at the amount of business somebody is doing, you see the writing on the wall,” said Dennis McGovern, general manager at Legends.
Cadillac Ranch and Rack & Pinz were two separate businesses with a common kitchen run by one operator, McGovern said.
“I’ve been expecting it,” Sparks Councilman Ron Schmitt said of the closures.
“You can go back to day one with that group,” Schmitt said, citing financial difficulties Cadillac Ranch developers had from the start. “They had insufficient cash going in.”
McGovern said Legends reached a lease agreement with Cadillac Ranch and Rack & Pinz two years before the shopping center opened, at a time when Legends management was uncertain of the character of the mall.
“Ultimately, it is the consumer who decides what businesses succeed and which ones fail,” he said.
Earlier this year, a Saks Fifth Avenue Off 5th store closed, with company officials saying the retail outlet had not met “profitability standards.”
But it’s not all bad news for the Legends. The shopping center is set to expand in the coming year as it readies the opening of a Lowe’s home improvement store, a Discount Tire store and an IMAX theater.
“I still believe in the long-term success of (Legends),” Schmitt said.
McGovern said he had no forewarning of the most recent closures, but the anticipation of the possibility prompted conversations within Legends management about filling the restaurant venue with a more family-friendly operation.
“As the mall matures, fallout occurs,” McGovern said.
Standing near the empty businesses around noon Tuesday, McGovern said the family atmosphere could be seen in the form of several dozen children playing in a fountain.