Golden Triangle sports bar Cap City Tavern will stay in its current spot at least until 2021 following the property’s sale to the Clyfford Still Museum.
According to Cap City’s owner, Dino McTaggart, his almost 20-year-old bar signed another five-year lease with its new owners. The soonest he would have to vacate is February 2021, according to the terms.
“But we might be here until August of 2024,” he said. “We will be moving Cap City nearby once our lease is up.”
McTaggart didn’t specify a new location for the bar, but he did buy another property in the neighborhood in case of any unforeseen business changes. Last spring, he purchased the Bannock Street Garage three blocks south of Cap City at Bannock and 10th Avenue.
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“But the Garage is not going to become Cap City,” McTaggart said. “It is its own dive bar creature with a music license, and I will develop it to be the greatest dive bar ever, but it will take time.”
Clyfford Still Museum purchased the property on which Cap City sits, at 1247 Bannock St., for $3 million in 2018, with plans to eventually build office space and more parking, according to McTaggart.
“The Museum and its Foundation seek to be proactive in planning for the future,” Clyfford Still’s director Dean Sobel told The Denver Post on Thursday. “Both are committed to the District and to leaving open the ability for the Museum to grow its programs, should this become necessary or desirable in the future. There are no plans for development at this time.”
1247 Bannock St., 720-931-8888, 11 a.m.-midnight Sunday through Wednesday and until 2 a.m. Thursday through Saturday, capcitytavern.com
