A downtown Colorado Springs mainstay is shutting its doors: the Old Chicago Pizza & Taproom will close July 16.

The restaurant, which has operated at 118 N. Tejon St. for 33 years, couldn't strike a deal with the building's owner on a new lease, Todd Wyatt, Old Chicago's regional manager for southern Colorado and Texas, said Thursday.

Wyatt said sales have been good at the location - a popular eating and drinking establishment for area residents, college students, downtown employees and tourists.

However, Old Chicago and parent company CraftWorks Restaurants & Breweries couldn't reach agreement with the building owner on a rent increase, Wyatt said. CraftWorks also was seeking improvements to the building, he said.

"This is 100 percent a leasing situation," Wyatt said.

The restaurant's 48 employees will be transferred to other Old Chicago locations and none will lose their jobs, Wyatt said.

.