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Ruckus Delays Closing Deal on Old Neuweiler Site Again

Ruckus Brewing was granted another extension on the closing of its deal to purchase the site of the old Neuweiler Brewery in Allentown, Pennsy, according to Lehigh Valley Live. The co, which currently contracts a couple of brands and is the brainchild of a Manhattan marketing firm of the same name, was granted the contract to rebuild a $30 mil brewery on the site by the city last year, with some hefty tax incentives as Allentown works to turn around its riverfront district. Ruckus originally planned to line up financing and close the deal by last Oct, was granted an extension to Dec and then recently granted another extension til March. "We're still in negotiations" to complete the projects financing, Ruckus ceo Josh Wood told the paper. Construction on the planned 100K-bbl/yr brewery, which would have started by the end of the year, will likely not begin til May or June.  

Publishing Info

  • Newsletter: Craft Brew News
  • Published: 01/03/2014
  • Volume: 5
  • Issue #: 1