Rosevilles Sammy Hagar-themed restaurant is set to reopen in the fall after the legendary rock stars two sons agreed to take over operations.
Chris Robles, chief executive officer of the Roseville Community Development Corporation, announced the deal during a regional business conference Thursday morning. Sammy Hagar, 66, is expected to take a hands-on approach to managing the restaurant and will perform there on occasion, Robles said.
The popular downtown eatery closed in November after then-owner Steve Pease unexpectedly disappeared and was later found dead.
The development corporation, a city-affiliated nonprofit, officially took possession of Sammys Rockin Island Bar & Grill in mid-April after Peases company, Innova Restaurant Concepts LLC, defaulted on a $1.5 million tenant improvement loan. Pease had a license to use Hagars name.
All along we were trying to reopen Sammys, Robles said. It was such a success that we wanted to bring it back.
Aaron Hagar said Thursday in an interview that the family was overjoyed to take over ownership.
This was a huge loss for us, Aaron Hagar said about the restaurants closure in November. I was real excited to get back involved and see where they need me.
The Hagar family will lease the 10,000-square-foot Vernon Street location through a limited liability company. Aaron Hagar, 44, is a music artist and brother Andrew Hagar, 30, is a sports trainer.
Sammy Hagar wasnt available for comment because he is filming, according to his spokeswoman, Hannah Kampf.
But in a statement, Sammy Hagar called Roseville a cool city and said he plans to spend more time there jamming and playing live with friends.
Under the three-year agreement between RCDC and the Hagar family, rent will be $12,500 a month. In addition, RCDC will receive 5 percent of gross sales exceeding $1 million in the first year, Robles said.
The reopening could be a catalyst for the citys downtown revitalization effort, which has stalled without the landmark restaurant.
Pease, 57, was a big supporter of the downtown renaissance and opened the restaurant in late 2012 to much fanfare. But his disappearance in November shocked friends and associates alike.
Pease was last seen Nov. 3 when he checked out of a Fort Bragg motel and drove off in a rental car. At the time, he was behind on his loan payments. The restaurant closed Nov. 10. A few weeks later, Peases body was found in the Pacific Ocean near Gualala. The Mendocino County Sheriff-Coroners Office suspended its investigation in January, saying it had exhausted all leads and was unable to pinpoint Peases cause of death.
Aaron Hagar, a resident of South Lake Tahoe, has worked for nearly nine years in various positions at Cabo Wabo Cantina of Harveys Lake Tahoe. Cabo Wabo is a chain founded by Sammy Hagar but licensed to other corporations.
I started as a runner and moved up to middle management, said Aaron Hagar, who met with business partners and local officials in Roseville on Thursday afternoon.
He said staying in Roseville made sense for the Sammy Hagar franchise because of the citys location.
Roseville is a very central hub here, Aaron Hagar said. Its a growing town.
Call The Bees Richard Chang at (916) 321-1018. Follow him on Twitter @RichardYChang.