According to reports and records, the fate and future of Rhumbline Restaurant has become a little bit clearer.

Rhumbline Restaurant, 62 Bridge Street in Newport, RI

The restaurant that operated for decades in the Point Section of Newport closed permanently on October 9th,

The property was purchased by Larry Silverstein and Patrick Kilroy, co-owners of Midtown Oyster & Surf Club (formerly Perry Mill Tavern). Patrick Kilroy is also involved in management of The Landing.

Silverstein and Kilroy opened Midtown Oyster Bar at 345 Thames Street in June, 2013. The two purchased Perry Mill Tavern back in June 2015, that property is expected to open as the Surf Club in May 2015.

The business, liquor license, equipment and real estate was listed at $995,000 and has been on the market for several months. It is unknown at this time how much the property was sold for.

While the full plans for the property have not been disclosed, an application for Victualing and transfer of the Class BT alcoholic beverage license from 62 Bridge Street LLC to Rhumbline LLC will be presented to Newport City Council on Wednesday, October 13th.

The application for an Annual Entertainment License has been continued to November 18, 2015 for public hearing.

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Ryan Belmore is the Owner & Publisher of What's Up Newp, LLC. Belmore has led What's Up Newp since December 2012. Belmore also serves as the Sr. Editor - North America for Mountain News - publisher of OnTheSnow. In his spare time, Belmore serves as the Vice President for the Board of Directors at Fort Adams Trust and serves on the Board of Directors at Lucy's Hearth. Belmore is also a member and supporter of Local Independent Online News (LION) Publishers. Send questions, tips, and story ideas to Ryan@whatsupnewp.com.

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