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1
Preheat oven to 350 degrees F; butter a 13x9x2-inch glass baking dish.
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2
Cook the pasta according to package directions until tender but still firm to bite, stirring occasionally; drain and set aside (about 8 minutes).
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3
While the pasta is cooking, in a large heavy saucepan over medium low heat, melt the olive oil and butter together; add the flour and, stirring constantly, cook for 1 minute (don't let it brown), then gradually whisk in the milk and cream.
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4
Simmer mixture until it slightly thickens, whisking occasionally, for 3 minutes.
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5
Reduce the temperature to low, then gradually stir in the grated cheddar and 1 cup of the blue cheese and cook, stirring, until the cheese melts.
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6
Season to taste with salt, freshly ground pepper, and cayenne (if using).
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7
Stir in the cooked pasta, making sure it's well-coated with the sauce.
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8
Pour mixture into the buttered baking dish, sprinkle with the reserved 1/2 cup crumbled blue cheese, and bake at 350 degrees F for 30 minutes.
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9
Sprinkle with the minced chives and serve.
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10
Note: also good with a serving of carmamelized onions and sauteed mushrooms; also, you can use 2% or skim milk instead of whole, but using whole is how they make it at the restaurant.