Ithaca, N.Y. — Rulloff’s Bar and Restaurant could be revived after closing at the end of August, according to a sales representative for the business.
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The Voice had previously reported only that the popular Collegetown eatery and drinking hole was listed as for sale on a brokerage website.
David Huckle, of the Pyramid Brokerage firm, confirmed this week that Rulloff’s former owners are looking to sell it. He also said that negotiations for the rights to the bar have picked up speed and provided more details about the possible sale.
“There’s been a lot of interesting activity. No definitive deals have been put together yet. And that’s all I can say,” Huckle said.
Huckle explained this week that the sale of the business — including its name, equipment and other furnishings — is separate from the sale of the space it once occupied.
Student Agencies currently owns the property, at 411 College Ave. Anybody who buys the Rulloff’s business would thus have to make a separate deal with Student Agencies to return the bar to its historic location on College Avenue, according to Huckle.
“It doesn’t include the space,” Huckle said, when asked about a flyer advertising the location, “whoever purchases the space is responsible for negotiating a lease with a landlord.”
That means Rulloff’s the name, brand and equipment could be bought and moved to another location. It was in business on College Avenue for nearly four decades before suddenly closing on the last day of August.
The reason for the closure remains unclear.
“I’m not really going to comment on that,” said Jeffrey Mayer, a part owner of the bar, when asked by The Voice in early September. “We’re closed. That’s the end of the story.”
About 30 people lost their jobs. The employees say that they were blindsided by the news.
“We had no idea it was coming: Everyone was mortified,” said Sherry Newby, who had worked at the bar for almost a year, in SEptember.
Students and community members were also disappointed by the news — and would therefore, presumably, be heartened by its return.
“That was a neighborhood institution,” said Common Council member Graham Kerslick, whose ward includes Collegetown, at the time of the closing.