ATLANTA -- Varsity Jr. owner Gordon Muir told 11Alive's Jeff Hullinger, "There is no turning back, we will close August 22 at 10 p.m."
"We tried really hard," Muir added. "We've lost $100,000 trying to make it happen, $20,000 to have someone oversee our business license with the city."
The 45-year landmark Atlanta restaurant has been at odds with the City of Atlanta over plans for a new building.
Talks broke off in April and have not been rescheduled.
Charletta Wilson-Jacks, Director of the Office of Housing for the City of Atlanta, told Hullinger: "We were suprised as well hearing the news about their intent to close as well. We are more than willing to work with them, to sit down, to review their proposal, to see how we can move toward resolution."
Gordon Muir is the son of Nancy Gordy Simms, the daughter of Frank Gordy, the founder of The Varsity.