Douglas family purchases business seized by IRS

shaking hands

Williams hugs after the auction

opening binder

people sign paperwork

a picture of people getting paperwork

Owner of Marlintini’s bar Ethan Billings shakes hands with bidder Arbe Williams. The two were the only bidders in the auction for Louie’s bar on August 21 at Dimond Courthouse. Photo by Annie Bartholomew/KTOO

Abigail ‘Abby’ Trucano (right) hugs a supporter after winning the auction for Louie’s on August 21 as father James Williams looks on in the background. Photo by Annie Bartholomew/KTOO

Arbe Williams pulls out the check used to purchase Louie’s after the auction at Dimond Courthouse on August 21. Photo by Annie Bartholomew/KTOO

Buyer Arbe Williams (left) waits as IRS auctioneer Mary Smith and witness Hallie Lipscomb (seated right) finalize paperwork after the auction on August 21. Photo by Annie Bartholomew/KTOO

Arbe Williams (center) receives the certification of sales of seized property from IRS auctioneer Mary Smith (right) with husband James Williams (left) at Dimond Courthouse on August 21. Photo by Annie Bartholomew/KTOO

Updated story at August 22, 2013 at 2:50 pm

A long-time Douglas family has purchased PP’s Douglas Inn, a bar closed down and seized by the IRS. The new owners hope that they can reopen the business in about six months.

Abigail ‘Abby’ Trucano won the IRS auction on Wednesday with the minimum bid of $145,200.

This whole process is new to us. We had no idea what to expect. I can tell you right now that we weren’t going to bid much more than that price. So, we lucked out.”

Nearly a dozen friends and supporters were also on hand at the Dimond Court Building on Wednesday to observe the brief sale.

Trucano and her parents are acquiring a liquor license formally used by the Triple F Bar and Grill in the Mendenhall Valley. She said the next big step is getting approval for transfer of the license to the Douglas premises.

It’s definitely a family bar. We thought it was very unfortunate that it was closed down. We decided that it would be a perfect opportunity to get the bar going again. We just kind of felt like the stars all aligned with finding a liquor license that was for sale and then this auction.”

Trucano’s mom Arbe Williams said they also have to wait out the 180-day redemption period before they have access to the property.

Other than that, we going to be making our plans. Hopefully, as soon as possible, give the town of Douglas Louie’s back.”

The bar at 3rd and D Streets in Douglas was most recently called PP’s Douglas Inn, but is commonly known by its previous name of Louie’s.

Ethan Billings, owner of Marlintini’s in the Mendenhall Valley, registered to participate in the auction. But he did not submit a bid after he saw who else was seriously considering the purchase.

I wanted to make sure it was going to the right person and it seems like it’s going to. Bringing back the old Louie’s like the old days, like everybody remembers. It was a good time, Douglas hangout bar. I used to play softball there, and go up there, and have a bunch of beers and stuff. I’ve known the old Pusich family forever and I’d hate to see it go. I want to see it back in its old form.”

The bar was seized by the IRS this spring after the previous owner, Patrick Peterson, neglected to pay almost a million dollars in back taxes since 1999.

 

 

Original story at August 22, 2013 at 12:44 pm

A long-time Douglas family has purchased the old Louie’s bar. The new owners hope that they can reopen the business in about six months.

Abigail ‘Abby’ Trucano won the business at an Internal Revenue Service auction on Wednesday for the minimum bid of $145,200.

It’s definitely a family bar. We thought it was very unfortunate that it was closed down. We decided that it would be a perfect opportunity to get the bar going again. We just kind of felt like the stars all aligned with finding a liquor license that was for sale and then this auction.”

Nearly a dozen friends and supporters were also at the Dimond Courthouse on Wednesday to observe the brief sale.

Trucano and her parents are acquiring a liquor license formally used by the Triple F Bar and Grill in the Mendenhall Valley.

Trucano’s mom Arbe Williams says they’ll have to wait out the 180-day redemption period before they can have access to the property.

Other than that, we going to be making our plans. Hopefully, as soon as possible, give the town of Douglas Louie’s back.”

The bar at 3rd and D Streets was most recently called PP’s Douglas Inn, but it is commonly known by its previous name of Louie’s.

It was seized by the IRS after the previous owner, Patrick Peterson, neglected to pay almost a million dollars in back taxes since 1999.