Milwaukee's iconic "Safe House" is sold: "This is a local institution and a city treasure"

MILWAUKEE -- Milwaukee's Safe House has been sold, according to the Milwaukee Business Journal.

The Business Journal reports the dining and entertainment arm of The Marcus Corp. is taking ownership of the Safe House. A new menu is planned, among other changes to the spy-themed restaurant and bar.

"This is a local institution and a city treasure. We're not changing the Safe House. What makes it special is not going to change. We're going to be working on the margins," Greg Marcus, CEO and president of The Marcus Corp. told the Milwaukee Business Journal.

Dave Baldwin, the owner and creator of the Safe House is retiring nearly 50 years after opening the business, the Business Journal reports.

The Safe House is located off Wells Street near Water Street.

The Marcus Corp. assumes ownership of the Safe House on Tuesday, June 16th.

So will the secret password required for entry to the Safe House change?

"I can't tell you that. That's confidential. There's no discussion of the password," Greg Marcus told the Milwaukee Business Journal.

Mark Kass, the president of the Milwaukee Press Club issued this statement regarding the Safe House and the Newsroom Pub: