The food and decor were unremarkable at The Happy Penny, but it was cheap so it was one of my haunts when I was a penniless student. I have no idea how The Happy Penny got its name, but it was at odds with the restaurant's sorry history. The Happy Penny had the distinction of being put out of business twice by the City of Winnipeg's efforts to rejuvenate the downtown. The City first expropriated The Happy Penny's original location on Portage Avenue and then, after a decent interval to let The Happy Penny get re-established at its second location, expropriated that building too. This was too much for the beleaguered owners so they never opened in a third spot. Farewell, Sad Penny!