The namesake Bill (William Von Schneidau, who now runs BB Ranch in the Pike Place Market) and the COO parted ways with the local upscale butcher-shop chain some time ago, then lawsuits about breach of contract and stuff were initiated. Now the Madison Valley and Bellevue branches of Bill the Butcher are closed. I emailed to ask why, and they said:

Bellevue closed due to the City of Bellevue's inability to issue us an occupancy permit because of the lack of power to the grid on the block and the need for a major infrastructure upgrade, specifically an underground tunnel is required to bring power from beneath the Main street intersection to the site.

The Madison lease is up shortly and the location had inadequate parking, so we elected to close and open the Wallingford location which we have constructed and anticipate opening in September.

More stuff that's now closed over here.