Acapulcos Mexican Family Restaurant & Cantina has announced its imminent closure on
Facebook
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This fall, the city announced plans to take the property by
eminent domain, demolish the building and create a very small park, which it calls a "pocket park," in honor of
President John Quincy Adams.
Acapulcos expressed interest in reopening elsewhere in the city.
[...]
City officials estimate a cost of $761,000 for the remediation and demolition of Acapulcos and another $2.6 million for construction of the new park, according to planning documents.
It is unclear how much the city will compensate Acapulcos for the taking and potential relocation costs. The mayor's chief of staff said there are no details on the financial arrangement yet. Parties are "working toward a mutual agreement," Chris Walker said.
A statue of John Quincy Adams will stand in the new park once completed.