The owner of a Spenard strip club will forfeit his property in a deal with federal prosecutors after pleading guilty to "maintaining a drug-involved premise." Hallie Dean McGinnis, 66, will forfeit the landmark strip club, P.J.'s, according to a press release from the U.S. Attorney's office. He will also forfeit his liquor license.

The longtime owner of the Spenard Road bar was accused in June of operating the bar as a drug den, where he and his employees sold cocaine. The federal Bureau of Alcohol, Tobacco and Firearms busted McGinnis in a sting. Investigators found 75 grams of cocaine and drug paraphernalia in the bar.

Federal law allows the government to seize any property used to commit or facilitate the commission of drug dealing.

U.S. District Judge Ralph Beistline is scheduled to sentence McGinnis on Feb. 25.