The Krebs was in danger of shutting down for good back in 2010 when previous owner Jan Loveless died.
But Adam Weitsman, owner of Upstate Shredding in Owego, and his wife Kim decided to purchase the restaurant so it would live on.
They've since made millions of dollars worth of renovations to the fine dining establishment that has hosted presidents and other dignitaries since its founding in 1899.
"They wanted to really maintain the level of excellence of the restaurant and a little bit of the history as well without totally rechanging or redefining everything. But yet give it a certain level of elegance and sophistication while still being approachable to everyone," said general manager Daniel Reiser
Both Reiser and executive chef Austin Johnson come to The Krebs with experience at some of the finest restaurants in New York City.
Johnson said he uses fine dining techniques on simple, locally-farmed ingredients.
"You're never really a chef until you have your own kitchen and the responsibilities that go with it. I've worked in New York City the last 5 years, but this is bigger than New York City for me and for my kitchen staff as well. This is a huge opportunity and probably the most beautiful platform of a restaurant that I could possibly hope for," said Johnson.
The Krebs will have its grand opening on Friday, August 15.
The Weitsmans have pledged to donate all of the profits from the restaurant to charities that benefit women and children.
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