Two years after rumours first surfaced, the iconic Paddlewheel Restaurant is now closing.
A spokesman for The Bay said the restaurant on the sixth floor of the downtown Bay will close Jan. 24.
The Bay said the decision to close was taken with the restaurant operators, Compass Group, following renovation plans to the historic downtown building.
"As a result of renovations to our stores and/or adjustments to our service offerings, The Bay and Compass Group made the joint decision to close the restaurant, supporting The Bay's continued efforts to improve and deliver an exceptional shopping experience to our customers," the statement from The Bay spokesman said.
The company would not disclose what it plans to do with the empty space on the sixth floor. However, it said there are no plans to replace the Paddlewheel with another restaurant.
Archive video: February 3, 2011 - Reminiscing at the Paddlewheel Restaurant