It’s nice to get some good news for a change. I got an e-mail this morning from Mike Altman, owner of Iron Springs Pub & Brewery in Fairfax, California. You may recall that their landlord was trying to raise their rent by 53%, an unreasonable amount in this economy that would have closed down the brewery on August 15, which is when the current lease runs out. There was a scheduled arbitration, but no one was expecting much from it, given the seemingly intractable position of the landlords. But a more modest amount was agreed upon and I’m happy to report that Iron Springs will remain open after August 15, and most likely for at least the next five years. The Marin IJ has the story in today’s paper. According to the article, the Fairfax Town Council also honored Iron Springs on Wednesday, declaring them “one of the town’s top 10 businesses.” Way to go Mike and Anne, that’s fantastic news!
I wondered why they weren’t expecting much from arbitration. Good news for all of us with these clauses which are supposed to protect from unreasonable landlord market rent demands.
That is great news. Iron Springs is a excellent little brewery.