An iconic Brigantine landmark; the Rod and Reel Tavern, had a vital organ removed from it’s storm battered body this past Wednesday, May 1. The Rod’s liquor license was auctioned off by the NJ State of New Jersey Division of Taxation. Unpaid taxes on the property was the culprit here.
Three bidders were salivating for the valuable license; Brigantine councilman & liquor licence connoisseur; Tony Pullella, Laguna Grill’s Rip Reynolds, and the dynamic development duo of Mike Snyder and Jack Scheurich.
Bids started at $50,000. The highest bid of $145,000 came from Team Snyder / Scheurich. A 25% minimum was due right after the auction. The balance had to be paid to the state by May 2nd, at 12 noon.
Until used again, this will be known a ‘pocket license’. New Jersey ABC law allows a liquor license to be held “in pocket” for a limited period of time. The term “in pocket” means that the liquor license is not being actually used, but can be sold or transferred to a different location for later use within a particular municipality.
While a vital organ was ripped out, the spirit and soul of Brigantine’s Rod and Reel tavern will never die.
Snyder and Scheurich have not announced any immediate plans for the license use. Still no word on the other license they recently acquired via their purchase of the old Steak 38 building.