Ruth’s Chris Nixes Deal For Local Steakhouse

North County Times:

Ruth’s Chris Steak House has backed out of a deal to operate the top-floor restaurant of Escondido’s elaborate new Lexus dealership, disappointing city officials and forcing the dealership to seek another upscale eatery for the site.

“They signed a letter of intent and proceeded all the way until last week,” said Rich Gattis, an attorney for the dealership. “I was told five minutes before their board meeting that they were out.”

Gattis said he has discussed the site recently with several other restaurant operators of similar caliber, but that no deal was imminent.

Ruth’s Chris, a national chain famous for sizzling prime steaks and an extensive wine list, would have become the city’s fanciest, most expensive restaurant. And the excitement generated in July when the deal was announced has now become disappointment.

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