SAINT ANDREWS-- A well known restaurant in St. Andrews is facing foreclosure.
The Shrimp Boat Restaurant and several surrounding parcels are scheduled to be auctioned on July 18.
Owner Loren Smith said he intends to file for bankruptcy reorganization which would halt the foreclosure process.
The foreclosure also includes the restaurant's parking areas and the Smith's yacht basin.
Smith's father opened the original Shrimp Boat Restaurant in 1950 as a small 50 seat diner.
During bankruptcy, Smith said the restaurant will operate as usual.