Our previous rumor and hearsay regarding the Riverside Tavern/Ruth's Chris deal, including the price, is confirmed in today's Maryville Daily Times.

The new information is that the property isn't expect to reopen as Ruth's Chris until the fall, and that it will be a company-owned store, not a franchise.

The article notes that you should use any gift certificates or coupons before May 15th, and they aren't taking any reservations for banquets and the like past May 13th. Oh, and Texas Roadhouse in Alcoa isn't worried about the competition.