It's a downtown mystery. After breaking ground more than a year ago, Ahern's Irish Pub has yet to open. And the rumor mill is swirling.
In early 2010, Ahern's appeared to have everything going for it. Located along the light-rail line just a block from the new Twins ballpark, it would open with a built-in audience. The supersized pub had plans for a Victorian Irish interior and a rooftop garden. Its owners waged an aggressive marketing campaign on Facebook (where it held trivia contests for Gopher football tickets) and it became the presenting sponsor at the 2010 Irish Fair.
But as the summer ended, work stopped at the 14,000-square-foot pub. Ahern's has sat half-finished ever since, and rumors of its demise (even before it can open) persist. Did the owners run out of money? Have they been evicted?
Last week, Ahern's owner Kelly Jaedike said it was too soon to write off the pub.
"We're closer than we've ever been," she said.
So what's the holdup? Court records indicate that Ahern's slow race to the finish line has been littered with financial problems.
Until recently, Jaedike was operating the Melting Pot, a downtown Minneapolis fondue restaurant that filed for Chapter 11 bankruptcy in May. Her husband, Brian Jaedike, and brother, David Ahern, are listed as the owners.
On Thursday, the Melting Pot's ownership team was removed from operating the business, which owes nearly $1.15 million to unsecured creditors, according to its Chapter 11 filing. The largest chunk of that debt -- $600,000 -- is for payroll taxes owed to the Internal Revenue Service. More than 60 creditors are listed, including the Minnesota Twins, the Minnesota Timberwolves, as well as its landlord, various media outlets and a father-in-law. A trustee appointed to the case has placed new management at the restaurant, which remains open for business.