BREWER, Maine — A Bangor developer who planned to purchase the Muddy Rudder restaurant said Monday that the sale has fallen through.
Larry Springer originally planned to close on the 230-seat waterfront restaurant in mid-February, and said he had continued to negotiate the sale until Monday.
“It looks like I’m out of it completely,” he said early Monday evening. “It’s unfortunate.”
Springer’s liquor license application was approved Feb. 8 by the City Council, and restaurant staff members were told that month of the possible sale.
Springer said the sticking point with the sale was how it might affect “the labor end” of things.
“I knew if I backed away, nobody would lose their jobs,” he said. “There was no win for me.”
The restaurant was never officially listed for sale, John Vogell, senior commercial broker for Dawson Commercial Brokers, said in January.
Springer, who owns a number of Bangor-area properties, said he is still looking to establish a Portside bar and lounge on the Bangor side of the river.