An innovative food and refreshment business that benefited from the Loan Participation Program is the Bear Tooth Theatre Pub. Fresh Ale Pubs LLC was formed in 1996 to operate the immensely popular and successful Moose's Tooth Pub & Pizzeria. Their success continued in June of 2000 with the opening of the Bear Tooth Theatre Pub in the former Denali Theatre in mid-town Anchorage. It was an instant success. So much so in fact, that the lack of parking became a problem. AIDEA participated with First National Bank Alaska to purchase an adjacent office building that not only provided the additional parking needed, but also now houses their administrative offices.