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Country Barn Property Stays in Chapman Family

Financial problems lead to an old Amarillo favorite going up on the auction block.
AMARILLO --      Financial problems lead to an old Amarillo favorite going up on the auction block.
    The auction for Country Barn Steakhouse on I-40 started at three this afternoon.
    And it looks like the property is going from father to son.
    Developer Justin Chapman got the property for $1.9 million.
    His father, developer George Chapman closed Country Barn in May.
    He owed at least $6 million to banks and creditors.
    All the stuff inside the restaurant will be sold in a separate auction November 9th.   
Spanky Assiter, Chairman & Founder, Assiter Auctioneers said, "We had some interest in the building for other things beside a restaurant, so another retail consumer could come in here, they don't need any of the restraint equipment. And so we separated it out because we didn't know who the ultimate buyer was going to be and what there purposes and uses for the building would be."
    Last month, George Chapman sold his 16-thousand acre ranch in McLean for nearly $17 million.
    No word what Justin Chapman plans to do with the property.
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