Definitely a great place to splurge a little. Food is amazing, beer selection was great, and excellent decor all around.
I was thinking of giving it 4 stars for the price/value, but I think that's just thinking frugally for its location. If this was in Cleveland, Avon, or even Medina I wouldn't bat an eye at the prices.
If there is ever a full recovery for the bar/restaurant scene in downtown Elyria, I'm pretty sure people will point to Foundry as the first place to really turn it around.