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You are here: Home / News / Local News / Owner of Building that Housed Former Jamestown Brewing Company Facing Foreclosure

Owner of Building that Housed Former Jamestown Brewing Company Facing Foreclosure

May 20, 2022 By WRFA Radio 1 Comment

115-121 West Third Street

The owner of the building that housed the former Jamestown Brewing Company is facing foreclosure.

In a filing in Chautauqua County State Supreme Court on Thursday, May 19, Evans Bank issued a complaint against G Patti Enterprises LLC, George Patti, and the Chautauqua County Industrial Development Agency for failure to pay the mortgage on the building located at 115-121 West Third Street.

GPatti Enterprices LLC has a $1.5 million mortgage with Evans Bank that was executed on July 27, 2018. The complaint said it was determined on September 15, 2021 that following several events that would be considered a loan default, Evans Bank demanded the full re-payment of the loan in the amount of $1,522,913.90.

The foreclosure filing in Supreme Court seeks to get that loan repaid.

Evans Bank previously filed a lawsuit against G Patti Enterprises LLC, on June 11, 2021 claiming misappropriation of funds connected to the Jamestown Brewing project. That case was closed following a payment on the loan in question.

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Filed Under: Local News Tagged With: 115-121 West Third Street, Chautauqua County Industrial Development Agency, Chautauqua County Supreme Court, Evans Bank, G Patti Enterprises LLC, George Patti III, Jamestown Brewing Company

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Comments

  1. jeff urraro says

    January 24, 2024 at 10:16 am

    what happened to the Jamestown Brewery?

    Reply

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