Craig and Maureen are hardworking, dedicated people, and the closing of this well-liked restaurant feels wrong to me. I've heard from successful restaurant operators that one of the keys to their financial prosperity has been "control of the four walls", so the explanation provided, of big rent demands, may be the most correct one.
I hope they will find their footing soon and perhaps get going on a re-start. In the meanwhile, you might try Retrogusto - it is definitely world class.