A neighborhood institution since 1908, The Euclid Tavern (11625 Euclid Avenue) has quietly closed its doors. It had reopened in 2008 following a seven-year hiatus, but it looks like the end of the road for the historic Cleveland club.

Or is it?

"University Circle Inc. has bought the building," explains Chris Ronayne, President of University Circle Inc. "And contrary to myths, it is our intention to finish the renovation of the building and return it to a restaurant, bar and live music venue." University Circle Inc. is the community development corporation supporting the growth of University Circle.

In addition to finishing the first floor hospitality venue, University Circle will also complete renovations to the upstairs apartments.

Ronayne felt it was important to secure the building due to its historic neighborhood history and value. "This bar has so much history. And we are glad we are able to continue the live music scene in one of the most historic venues in the region."

Having said that, Ronayne and UCI are on the hunt for the right tenant. "Currently there are no tenants, but we are actively interested in operations that can fit the bill," he explains. UCI is looking for operators that can offer the "feel of Happy Dog in Detroit Shoreway or The Beachland Ballroom, who can produce quality food, bar and music products."

Ronayne realizes the daunting task ahead but is positive.

"We are standing on the shoulders of great music, but stay tuned the Euclid will be back."