**FOR IMMEDIATE RELEASE**

FOR IMMEDIATE RELEASE

ANCHOR: Good evening. We are following a developing business story that has caught the attention of seafood lovers in Florida’s capital city.

LOCATION: Tallahassee, Florida — Blairstone Road.

DATE: The closure has taken effect, effective as of this reporting period.

EVENT: The Red Lobster restaurant located at 1680 North Monroe Street has permanently closed its doors. According to the company, the decision was made following a review of operational performance and long-term lease viability.

REASON: Company representatives state the closure is part of a larger, nationwide restructuring initiative designed to address financial challenges, including declining foot traffic and increased operational costs affecting the casual dining sector.

WHO: The closure directly impacts an undisclosed number of hourly and management employees, who have been offered positions at other Red Lobster locations within the region, as per standard severance and transfer protocols. The Tallahassee store had been operating for nearly 30 years.

SUMMARY: This development leaves Tallahassee with no remaining corporate-owned Red Lobster locations. Industry analysts note this closure aligns with the chain’s broader strategy to streamline its footprint amid a turbulent economic environment for sit-down restaurants. We will continue to monitor employment displacement and any future developments regarding the property lease.