Real estate: Two Mexican restaurants struggle with debt

La Fuente Restaurant, 1749 N. Oracle Road, has filed for Chapter 11 bankruptcy protection to avoid foreclosure and will remain open.

The owners of the longtime Tucson Mexican restaurant La Fuente on North Oracle Road made it official on Sunday: The restaurant, popular for its Sunday mariachi brunch and host to generations of special occasions from anniversaries to quinceaneras, was closed.

The restaurant served it s last meal on Aug. 29, according to a note posted on its website.

"The worsening economic environment, which began in 2008 and (for many) continues to this day, started a business slowdown that could not be reversed," according to the note posted by General Manager Yuliana Portillo, speaking on behalf of the owners Carlos and Mary Jane Portillo, according to the note.

A Facebook posting just before noon Sunday repeated the announcement. 

La Fuente in mid-August apparently was attempting to launch a night life aspect to the restaurant, according to a Facebook page under La Fuente Night Life that listed it as a sports bar, cafe and night club.

See more in Tuesday's Arizona Daily Star.


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