BREAKING: The Skye Has Fallen

As Gossip CBUS first reported, Skye Bar has closed. While the venue had remained operational under sale and salvage conditions, Owners Tom Selvaggio and David Allsbrooks submitted under, what was previously labeled, “an unsustainable financial pattern.” Skye Bar’s cable, rent, and utilities were months overdue, according to one source familiar with the situation.

On Sunday, Gossip Cbus reported that Skye Bar was one of several South Campus Gateway locations still alive due to a combination of owner’s assets and development assistance. While South Campus Gateway was prepared to maintain this arrangement indefinitely, our source stated that Selvaggio and Allsbrooks decided to cut their losses.

Since January 1, promoters were under orders not to book further events. Speculation among staff had been rampant as to when the exact closing would occur. The 10,055 square foot Skye Bar opened in February 2005.