It's hard out here for aging campus-area cheap eats; first, burger joint Players announced it would close to make way for a University of Texas parking garage, and now the Gatti's pizza location on Martin Luther King Boulevard, possibly Austin's oldest continuously running pizza joint, is closing after 40 years in business. Per Austin 360, the Austin-based chain location couldn't come to a lease agreement with the landlord:

The restaurant is full of University of Texas photos, posters and art, which are being auctioned off to help the family of Jeremy Barta, general manager of the restaurant who was killed in an accident on April 30 at a Capital MetroRail crossing.

Auction details can be found here , and the highest bid so far is $100.50 for their "Longhorn Room" wall sign. Gatti's will close May 28th, until which time everyone , $5.49, at the buffet.

· Benefit for Gatti’s GM killed in MetroRail accident [Austin360]

· All Pizza Coverage on Eater Austin [-EATX-]

· Gatti's [Official]

[Photo: Gatti's/Facebook]