Danny's Tavern, 1951 W. Dickens Ave., on a quiet Tuesday morning. View Full Caption DNAinfo/Alisa Hauser

BUCKTOWN — The owners of Danny's, a Bucktown dive bar staple that faced a possible closure over issues with renegotiating a lease announced on Tuesday that they were planning to stay put "so we can all have a Happy Holiday."

"We have been humbled by the outpouring of support to keep the Tavern open from friends across the country. If it weren't for folks speaking out about the possible closing, we may have been looking at our final month of business after 26 years," Danny's co-owner Terry Alexander said in a statement issued on behalf of himself and partners Michael Noone, Kevin Stacy and the staff of Danny's.

Alexander, who thanked everyone for their encouragement and loyalty, said that "fortunately our landlord has reached back out to us in response to all of the petitions, blogs, articles in magazines and stories on the Internet, and we're currently working towards signing another lease and repairing the roof that is quickly deteriorating. "

Earlier this month, news of a possible closure was leaked over Facebook, when Clark Street Jams, a weekly DJ night hosted by Gramaphone Records, posted an invite for their Thursday show titled, "Clark Street Jams Danny's End."

The building that has been home to Danny's since the mid-1980s at 1951 W. Dickens Ave. is owned by Michael Dragovich, according to county records. Dragovich's daughter, Jan Dragovich, who manages the building, previously declined to comment about the status of her tenant's lease and was not immediately available on Tuesday.

Alexander said that the management team's goal was to finalize the repair of the building and sign a new lease by the end of the November or early next month "so we can all have a Happy Holiday."

"Let us raise our can of Schlitz to many more years of drinks, dancing and good times at Danny's Tavern," Alexander said.

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