After being granted an extended window to pay unpaid taxes, Dungeons & Drafts tavern was unable to raise enough money to stay in business, according to a post on the business' Facebook page.

The tavern was given an extended period to pull together funds after it was first seized last month by the Department of Revenue for failure to pay more than $50,000 in taxes.

Co-owner Melissa Garza started a GoFundMe effort after requests from loyal customers in an attempt to keep Dungeons & Drafts afloat. Between the GoFundMe and additional fundraisers, the business raised a total between $34,000 and $35,000 of its $60,000 goal, Garza said.

But on Wednesday, Garza posted to the business's Facebook page, saying the bar will close and all donations made through the GoFundMe page will be refunded in full and checks made at other fundraisers will not be cashed. The GoFundMe effort is now closed.

Dungeons & Drafts owners met with several investors in further attempts to keep the business in Fort Collins, but the discussions "have fallen through," Garza wrote.

FoCo restaurant news:C.B. & Potts opens taproom, food trucks plan new stores

"Thank you all so much for your continuing support and love for Dungeons & Drafts," Garza wrote. "Even with the money raised, there are just too many hurdles with our current set-up at Dungeons & Drafts to make investing viable."

Investors mentioned the possibility of a Dungeons & Drafts "second edition," according to Garza, an opportunity to build a stronger foundation.

"Currently, I don’t know if I can do it again. I am going to take a month to myself and revisit the idea, but I'm not going to make any promises," she wrote.

Dungeons & Drafts shut down July 17 due to $51,361.74 in unpaid taxes.

Need to know:Fort Collins unveils new details about municipal broadband rollout

In an earlier GoFundMe post, Garza cited early business and bookkeeping mistakes, leading to the Department of Revenue's seizure of the tavern.

The self-proclaimed geek bar is not the only local business to close in the face of unpaid taxes. Peloton Cycles closed its doors July 9 due to more than $36,000 in delinquent and unpaid taxes. The auction for its assets is set for Monday at its 1981 Jessup Drive location.

Meredith Spelbring is a multimedia reporting intern for the Coloradoan. Follow her on Twitter @mere0415.