Popular Restaurant Chain Closing One Location In Colorado

Months after abruptly closing more than 50 locations around the U.S., popular seafood restaurant chain Red Lobster is closing nearly two dozen additional restaurants around the country, including one right here in Colorado.

Red Lobster recently announced it will close an additional 23 of its restaurants across 15 states at the end of the month amid bankruptcy proceedings. Among the list is one location in Colorado, with other locations set to close in Arizona, Arkansas, California, Florida, Georgia, Illinois, Indiana, Minnesota, Missouri, New York, North Carolina, Ohio, South Carolina and Virginia.

According to Fast Company, the Colorado Red Lobster location set to close by August 31 is located at 4925 N. Academy Boulevard in Colorado Springs.

In May, it was reported that Red Lobster has struggled financially in part to its popular Ultimate Endless Shrimp deal, an all-you-can-eat shrimp promotion that was once a limited-time special that the company made available all the time for $20, a move that reportedly led to a loss of $12.5 million.

Dozens of locations were suddenly shuttered in an effort to fight off bankruptcy and much of its kitchen equipment, tables and chairs were actioned off by liquidation company TAGeX Brands as part of "the largest restaurant equipment auction ever."