Aurora’s Roundhouse restaurant files for bankruptcy
By Stephanie Lulay Sun-Times Media firstname.lastname@example.org
The Aurora restaurant that once carried former Bears great Walter Payton’s name has filed for Chapter 11 bankruptcy protection after months of unpaid bills and delinquent taxes that have kept its owners in and out of the courtroom.
Scott Ascher, owner of America’s Historic Roundhouse restaurant and brewpub, filed for bankruptcy protection for the facility Monday. He said the move was made in order to sell the building to one of three interested parties.
Ascher said the restaurant will remain open during bankruptcy proceedings, and said he’s even booked his own nephew’s wedding at the venue in September.
“The purpose of selling the building is to get the taxes paid off,” he said. “It’s just reorganization. We’ve explained to brides and future parties what is going on.”
In March, Aurora sued the Roundhouse for back taxes, but the suit was later settled.
At the time, the city also alleged Ascher owed almost $10,000 in rent for parking spaces at the Aurora Transportation Center next door. The suit was dismissed in June, after Ascher agreed to pay back and current taxes, but city spokesman Kevin Stahr said Ascher had not kept up with the agreement.