MONTE VISTA—The iconic Dos Rios Restaurant which is a staple of the Monte Vista community closed down for about a month from early September to early October. Owner Mike Rios was unsure how he would continue operating due to health issues he and his father are facing.
Upon learning of the closure local philanthropists Ray and Collette Skeff sprung into action to determine how they could help Rios keep the almost 60-year-old restaurant open. “We don’t need another business in Monte Vista to close down,” said Ray Skeff.
Skeff quickly organized a group of community leaders who sat down to discuss what they could do. “We were ready with about 80 percent of the money needed to keep Dos Rios open. Everyone was willing to give out of their checkbooks and their heart,” said Skeff.
The restaurant was started in 1958 by Rios’ parents. The family has owned and operated the restaurant for the majority of those years except for a brief time. When the Rios own the operate the business it is always popular with the locals and is the location of many events including civic clubs, weddings and awards ceremonies.
The community leaders were willing to chip in to help keep the business open if they had to. However, through the combined efforts of attorney Gene Farish, accountant Bob Gjellum and banker Bill Fasset a plan was developed.
First Southwest Bank and Rios were able to come up with an agreement and a loan with a four percent interest rate which will enable the restaurant to remain operational.
“The community support is amazing. Our first day re-open there was a line outside of the door. I’m also thankful to all of my staff for being willing to immediately return,” said Rios.
Dos Rios will have a grand re-opening celebration which will be announced soon.