The class of 2004 planned to re-unite in 2014 at Hegarty's Glocca Morra bar.
As of a week and a half ago, their plans are no longer possible.
Mary Alice Berg, a 2004 College of Communication alumna, said she and her friends always thought the bar affectionately known to many as "the Gloc" would be the place they'd gather to reminisce.
Brigid O'Brien Miller, director of university communication, said in a statement last week that the university officially purchased the Glocca Morra property, 1720 W. Clybourn St., on Oct. 31 at a "reasonable cost."
"Due to the loss of space associated with the interchange reconstruction project, the university intends to use the property to expand its current facilities yard, which is adjacent to the Glocca Morra," she said.
She said the university has plans to raze the building, but has "no definitive date on which that will occur."
According to the bar's owner, Joe Hegarty, Marquette had been asking him for more than a year to sell his property. He said active negotiations began this summer.
Berg said she and her friends went to the bar on Oct. 28, its last night open, as well as the following day to take pictures. She said the night was "kind of like a last hurrah," complete food, cake and some remarks by Hegarty.
"We were all really depressed," she said, referring to both her friends and the "older crowd" present.
Hegarty said some people asked to take things from the bar as mementos.
"I told them to help themselves," he said. "It was less for me to clean out."
He said he spent the following weekend clearing the building out before it closed Oct. 31.
Hugh Mulligan, a 2005 College of Communication alumnus, said the Gloc had its "own charm" and that he went to the bar a couple times a month as a change of pace.
"It had a great jukebox, no debit cards, no ATM," he said.
College of Arts & Sciences alumnus Kevin Gleason, who also graduated in 2005, said the Gloc wasn't simply a bar for him and his friends but their "own version of Cheers."
"The Marquette community has permanently changed with the Gloc's departure," he said.
According to Hegarty, the bar had changed management and names several times before he bought it over 30 years ago.
He said his friend approached him and asked him if he'd be willing to buy the property.
"I thought, 'Why not?'" he said.
Going before the Milwaukee Common Council for licensing, Hegarty said he didn't know he would need to provide a name to complete the process.
"When they asked me, I just said 'Glocca Morra,'" he said.
He said he just finished watching a musical and liked one of the songs called, "How Are Things in Glocca Morra?"
Looking back, Hegarty said he sold the bar with "mixed emotions."
He said the "good relationship with the kids" was what he was going to miss the most.
"The bar served me well," he said. "I had a good time and really enjoyed it."