After half a century on South Lamar, beloved divey beer bar The Horseshoe Lounge will move. Owner Tennia Brown tells Eater the bar will shutter on February 15, its fiftieth anniversary. The new location is under wraps until all the paperwork is signed, but Brown says it will be "nearby."

Brown says she's excited about the change. The space is showing wear and tear, and they've been unable to hold their regular fundraisers for the past several years due to a cramped parking lot. Brown says,

The Horseshoe Lounge is not just a building, it's a state of mind. The staff and customers are what make the bar.

Brown's mother and stepfather Rene and Jimmy Gewin opened the Horseshoe Lounge in 1965, according to their website. They're planning a massive sendoff February 13, 14, and 15. Brown says the new location should be announced soon, and the bar could reopen as early as March.

Update! Husband (and co-owner) Brad Brown says they've sold a partial ownership stake in the bar but plan to be still involved in the new location. Watch this space for further updates on the new location and ownership.