Why did Texaco close down?

Because the lease contract expires. According to Texaco's relevant information, Texaco closed down because the lease contract expired. Texaco Health Sports Center officially announced the suspension of business. The announcement of suspension of business shows that due to the expiration of the lease contract, in order to cooperate with the government's planning and transformation of Xiangmihu area, it is scheduled to officially suspend business on March 3, 20 19, and enter the liquidation procedure according to law.