Ann Arbor.com, HT Andrew Fine.
"Krazy" Jim Shafer was the longtime owner of Blimpy's. Today it's owned and operated by Rich Magner but Jim's widow sold the property (including my mother's house in college) to the university.
They're not going to close but they have to move:
“I don’t know what the plans are,” Magner said. “But basically, in a nutshell, we will be able to operate in this location into summer 2013 and we will be trying to put a deal together and look for a new location.” Magner worked at Blimpy Burger in 1969 when he was a student. After working in other restaurants, he returned to Blimpy Burger and purchased the business in 1993.
Finding a place on campus is gonna be tough. For anyone who ever lived on the south side of campus, having the answer to your hangover just a few blocks away was the most important thing.