Italian restaurant Rotelli was at risk of closure last year when the business owed $190,000 in back rent.
At the time, co-owner David Krauth told Onward State he had an agreement with the bank to stay open.
There were no new developments regarding the financial stability of the popular downtown Italian eatery until recently.
The liquor license for 250 E. Calder Way, Rotelli’s downtown location, was listed for live auction last month. According to Comly Auctioneers & Appraisers, the Rotelli liquor license and all restaurant equipment — including walk-in fridges, pizza ovens, deep fryers, and more — will be up for auction Thursday morning at 10 a.m.
Krauth told Onward State in March there was a dispute about the liquor license with PNC Bank, but the license would ultimately be pulled from auction. The liquor license is currently still scheduled to be sold to the highest bidder. Krauth says there will likely be in ongoing discussions with the bank until the auction.
“No matter what happens [Thursday], we will be open through graduation without a doubt,” Krauth says. “Liquor license or not.”
It’s not clear what this all means for the future of Rotelli. The restaurant equipment is being sold in bulk, not pieced out, so an auction buyer could presumably purchase the liquor license and equipment together.
Rotelli has been serving up Italian food and drinks at its 250 E. Calder Way location since 2006.
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