Dan T. Posted December 7, 2005 Share Posted December 7, 2005 Pittsburgh Brewing Files for Bankruptcy AP http://news.yahoo.com/s/ap/20051207/ap_on_bi_ge/brewery_bankruptcy PITTSBURGH - Pittsburgh Brewing Co., the maker of Iron City Beer, filed for protection from creditors under federal bankruptcy regulations Wednesday after failing to pay $2.5 million in water and sewage bills. Pittsburgh Brewing, which employs about 250 people, will continue to operate while under Chapter 11 protection, said company attorney Robert O. Lampl. The company had defaulted on sewage treatment payments dating back to 1996 and had failed to pay current water and sewage bills — charges totaling about $2.5 million, said Holly Parada, a spokeswoman for the Pittsburgh Water & Sewer Authority. On Monday, the authority issued a notice threatening to cut off water service if the company's obligations weren't met by the end of the day Tuesday. The bankruptcy filing prevents the agency from terminating water service, Parada said. The filing in federal court in Pittsburgh shows Pittsburgh Brewing has estimated assets of less than $10 million and debts of less than $10 million. The company has struggled to survive in recent years amid a declining beer market and tougher competition. It took the unusual step of trying to win a government bailout of its pension plan before seeking bankruptcy, and was awaiting a federal agency's decision on the matter. The company, which also makes I.C. Light beer, had agreed with the water authority to pay off the charges in installments. After meeting some of its obligations, the company eventually fell behind in its payments. "It was a buildup of some past debt, and even though the place is paying as it goes, it can't take on all the past debt on demand," Lampl said. The outstanding charges include about $2.3 million in unpaid sewage treatment bills from 1996 to 2004 and roughly $200,000 in water and sewage costs for this year, Parada said. ___ On the Net: Pittsburgh Brewing Co.: http://www.pittsburghbrewingco.com/ Can we do our part to keep the company afloat? Link to comment Share on other sites More sharing options...
DarkLadyRaven Posted December 7, 2005 Share Posted December 7, 2005 Man when things go bad in Burg they really go bad, first the loss then they shut down their insiders board to outsiders and now this. According to many Ravens fans they would rather drink Anti freeze than Iron City beer but since they are not an unbiased source Im not sure Link to comment Share on other sites More sharing options...
Dan T. Posted December 7, 2005 Author Share Posted December 7, 2005 Iron City isn't bad. Nothing great. My sense is it's a beloved beer with displaced Pittsburgh folks. I wonder whether they serve Iron City at the stadiums in Pittsburgh. Anybody been to a home Steelers or Pirates game lately? Link to comment Share on other sites More sharing options...
Predicto Posted December 7, 2005 Share Posted December 7, 2005 Oh no, this means the end of Old Frothingslosh, the pale stale ale with the foam on the bottom, and its spokesmodel, Fatima Yechburg. Link to comment Share on other sites More sharing options...
Raub Posted December 7, 2005 Share Posted December 7, 2005 Iron City is swill. Sewage Treatment might be their brewing process. Link to comment Share on other sites More sharing options...
redman Posted December 8, 2005 Share Posted December 8, 2005 Yeah, I agree with what Raub said. I don't believe that anyone outside of Pittsburgh will be mourning this "loss". Link to comment Share on other sites More sharing options...
chomerics Posted December 8, 2005 Share Posted December 8, 2005 I thought the Pennsylvania crowd drank Genesee??? Or is that just up-state PA? Link to comment Share on other sites More sharing options...
RonJeremy Posted December 8, 2005 Share Posted December 8, 2005 Iron City is swill. Sewage Treatment might be their brewing process. :laugh: I was thinking the same thing. Perhaps the unpaid sewage bills explain the taste of that beer. I feel bad for the 250 people losing their jobs but I won't be missing that sludge. Link to comment Share on other sites More sharing options...
Raub Posted December 8, 2005 Share Posted December 8, 2005 I thought the Pennsylvania crowd drank Genesee??? Or is that just up-state PA? Depends on where you live. Out west near Pittsburgh it's either Iron City or Rolling Rock. Around here it's Yuengling. I honestly don't know anyone who drinks Genesee. Yuengling's the only one I can stand to drink, and that's if it's the only choice. Link to comment Share on other sites More sharing options...
chomerics Posted December 8, 2005 Share Posted December 8, 2005 Depends on where you live. Out west near Pittsburgh it's either Iron City or Rolling Rock. Around here it's Yuengling. I honestly don't know anyone who drinks Genesee.Yuengling's the only one I can stand to drink, and that's if it's the only choice. My old man's a fan of Yuengling, I't actually pretty good. I guess the Genesee is just a Northern PA dring then. . . Link to comment Share on other sites More sharing options...
TODD Posted December 8, 2005 Share Posted December 8, 2005 If someone buys it for me and all of my friends we will all be glad to help the cause. Link to comment Share on other sites More sharing options...
th869 Posted December 8, 2005 Share Posted December 8, 2005 Those 16 oz returnable bottles bring back some memories (some good, some bad) Link to comment Share on other sites More sharing options...
Chief skin Posted December 8, 2005 Share Posted December 8, 2005 Genesse is north east PA and it stinks, Iron City is Pittsburg beer it stinks too Yuengling is pretty good, they truck it down to northern VA too try it Link to comment Share on other sites More sharing options...
zoony Posted December 8, 2005 Share Posted December 8, 2005 My old man's a fan of Yuengling, I't actually pretty good. I guess the Genesee is just a Northern PA dring then. . . Yuengling's the only one I can stand to drink, and that's if it's the only choice. Yuengling is very good beer. If it came from a small brewery that nobody has heard of, people would rage about it. But it's available like tapwater everywhere in PA, so people take it for granted. It has a very smooth taste, and contrary to what 99.999% of American brewmasters think, you do not need to load a beer down with hops for it to have flavor. Quite the opposite, actually. .......... Link to comment Share on other sites More sharing options...
notoriouslyKEN Posted December 8, 2005 Share Posted December 8, 2005 Yuengling good, Iron City baaaad. As long as yuengling's still in production, who cares? Link to comment Share on other sites More sharing options...
SkinsBry Posted December 8, 2005 Share Posted December 8, 2005 http://www.yuengling.com/ Yuengling is America's oldest brewery. They have a brewery in Florida so it is available to other parts of the country. If you are ever in Pa and want a Yuengling Lager (the most popular) just tell the bartender "Lager" they'll know what you want. If you say Yuengling Lager, they'll assume you're a tourist. Link to comment Share on other sites More sharing options...
Monkart Posted December 8, 2005 Share Posted December 8, 2005 Iron City is swill. Sewage Treatment might be their brewing process. Exactly!!! Water & Sewage department should just bottle/can it themselves. :puke: Link to comment Share on other sites More sharing options...
dchogs Posted December 8, 2005 Share Posted December 8, 2005 http://www.yuengling.com/Yuengling is America's oldest brewery. They have a brewery in Florida so it is available to other parts of the country. If you are ever in Pa and want a Yuengling Lager (the most popular) just tell the bartender "Lager" they'll know what you want. If you say Yuengling Lager, they'll assume you're a tourist. bry speaks the truth. my dad stocks the fridge with yuengling for me every time my family travels back east. i can't wait for christmas! as for iron city, never had it. genessee is horrible... never knew any part of PA was associated with genesee. Link to comment Share on other sites More sharing options...
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