Captain Keno’s restaurant owner Gerry Sova reflects on more than 50 years in business as the local spot prepares to close by the end of August to make way for new development.

There are few places these days where you can grab a plate of spaghetti for $2.99, but it’s more than just the loss of an affordable meal that has residents voicing their concern about an upcoming redevelopment that will replace Cap’n Keno’s restaurant at 58 North Coast Highway 101.

Real estate group RPG now owns the entire stock of commercial space in Encinitas’ Pacific Station property after a recent $5.9 million purchase, the company announced.