Kevin Costner closes Jake's, sells 1. Dunbar and Tatanka land Local News. DEADWOOD — Two major events at Kevin Costner’s holdings in Deadwood occurred this week.

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Jake's restaurant, located in Kevin Costner's Midnight Star, closed its doors Saturday. Then on Wednesday, it was announced Costner’s group sold two large tracts of land adjacent to The Lodge at Deadwood. The Ramkota Companies, Inc.

Deadwood Resorts, LLC, which owns the Lodge at Deadwood, announced the purchase agreement on the tracts of land totaling nearly 1. Dunbar and Tatanka area. The land purchase allows for an additional Lodge parking area and elevates the historic Deadwood Dicks cabin site to its historical prominence, visibility and access. The Ramkota Companies have plans for the land purchased."It's an exciting time for us. We've wanted to purchase this ground for a number of years and we're appreciative that Mr. Costner agreed with our idea of the best use for this incredible piece of ground," said Tom Biegler, president and CEO of The Ramkota Companies.

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Plans for the north land plat are nearly complete and will include development of a full- scale family resort on the Tatanka site. This site will eventually feature a beautiful new lodge with conference and meeting space, a family indoor water park or water play area, full- service restaurant and lounge, vacation rental cabins, and likely, some form of a casino. Final drawings will be complete within 1. The entire construction will likely be done in phases. The first phase will include the lodge, conference space, restaurant and lounge; the second phase will likely be the water park; and the third phase will be construction of vacation cabins and the casino. Jake’s closes. When Jake's restaurant opened 2. Increased competition in Deadwood was cited as a reason for the restaurant's closure Saturday by Midnight Star General Manager Karen Barthel."It was due to several factors," Barthel said.

A combination of more direct competition — it used to be the only place in town for a finer dining setting. Now, it is no longer the only place in town. That, and a basic downturn in the economy. Those were the two major factors. The closure will have no effect on anything in the rest of the building."Diamond Lil's and the Midnight Star Casino both remain open. As a result of the closure, six employees are left without jobs."At this time, we were unable to absorb them into other positions," Barthel said.

As business climbs toward summer, those employees will be the first offered positions.”"I would like to thank all of the guests, some of which became more like family and friends, rather than customers, for their patronage over the years," Barthel said. Jake's was open for 2. Deadwood … is an excellent statement of how good Jake's was."The Midnight Star website indicates that Jake's gift certificates will still be honored in Diamond Lil's and the Signature Gift Shop. The Midnight Star, located at 6.

Main St. in Deadwood, is owned solely by Costner. To read all of today's stories, Click here or call 6.