UPDATE
The Pontiac Cafe is indeed closing and the space-- and its immense patio-- will be taken over by the group behind The Publican, Time Out Chicago reports. They declined to provide a timeline for the new venture.
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The Pontiac Cafe, long an anchor of Wicker Park, will be closing soon, Chicagoist hears:
Word has it that the Pontiac Cafe -- Wicker Park mainstay and the first big patio in the area where it was possible to witness firsthand the ebbing of the artist residents and the rise of corner banking and hip chain store patrons -- will be closing its doors for the last time October 17.