A Waco restaurateur has come out on top in the bankruptcy auction for the former Cork & Barrel Pub in Round Rock, claiming a high-profile gastropub that went dark last year. The winning bid hands control of a three-plus-acre site on Palm Valley Boulevard to a new owner and keeps neighbors near Dell Diamond, along with local event planners, wondering whether the property will return to restaurant and event use or be completely reimagined.
Buyer and the Price Gap
The successful bidder is the owner of Casa do Brasil in Waco, whose offer prevailed in the trustee-run sale. Even so, the winning number still leaves roughly a $2 million hole compared with about $7.2 million in listed debts, a shortfall that will shape how much lenders and investors…..