Salt Lake City's Cucina Toscana restaurant has a new name and owner.
The restaurant will now be called Toscana, said Ken Murdock, a local real estate developer who recently bought the building and restaurant at 307 W. Pierpont Ave.
On Tuesday, the Utah Department of Alcoholic Beverage Control approved the transfer of the restaurant's liquor license to Murdock.
Ken Milo, the Salt Lake City architect and previous owner, told the liquor commission that Cucina Toscana had been "a victim of the recession."
Milo, the original developer of the Broadway Lofts, a high-rise condo project across from Pioneer Park, ran into hard times in 2009 when the economy and the housing market hit the skids. Not long after, the bank took possession of the Cucina Toscana building, which had been used as loan collateral, Milo said. The bank subsequently sold the building to Murdock.