Financial issues have forced the owners of Redwood Lanes in Colonie, to file for Chapter Seven bankruptcy this week.

The business, which has 24 lanes, also has a little piece of history. Redwood Lanes hosted the first live television broadcast of the Professional Bowlers Association - Pro Bowlers Tour on ABC TV in 1962.

According to a story in The Business Review, Redwood Lanes reported debts and assets of more than $600,000. A decline in revenue and sales at the bowling alley over the past couple of years have created a bad financial situation.

On a personal experience at Redwood Lanes - This is the one place that I took my son Jayson, bowling for their 'Rock N Bowl' special, a few years ago.