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RIP: Laredo's Tex-West & Cantina

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According to its website, Laredo's Tex-West & Cantina in St. Louis Park closed as of January 4th. First, Mojito's was quashed by the marquee corner spot at 4656 Excelsior Boulevard, then Brix, and now Laredo's, all within the span of just a few years? What gives? Are the concepts wrong? The rent too high? I can't say I thought the food was very good at Laredo's, but the food isn't very good at a lot of places that seem to stay in business year after year.