A foreclosure auction for the Maine Diner in Wells has been postponed indefinitely.
The iconic diner on Route 1, along with its adjacent Remember the Maine Gift Shop, was listed for sale at $3.3 million earlier this year before it was later scheduled for auction.
The auction’s postponement was confirmed Thursday, the same day for which the auction had been scheduled. Keenan Auction Group was set to handle the auction proceedings.
Stefan Keenan, the auction company’s real estate division manager, said Thursday that the auction has been put on hold indefinitely until it is either rescheduled or officially canceled.
According to court documents, the company that owns both the diner and the gift shop, TrayJockey Enterprises Inc., filed for Chapter 11 bankruptcy protection on June 3, indicating that the business plans to reorganize.
Jim MacNeill, who bought the diner in 2018 after more than a decade as its general manager, said in May that he and his wife, Karen, had been doing everything they could to prevent a sale and keep the diner open.
Karen MacNeill said in a phone call Thursday that the diner is open and thriving.
She declined to divulge the details of what the couple did to prevent the auction, citing advice from their lawyer, but that it wasn’t easy.
“There’s no relaxing yet, but I feel like the hard part is over,” she said. “We’re going to work very, very hard all summer.”
MacNeill said she and her husband have put their retirement plans on hold to ensure the business thrives. In the meantime, the MacNeills and their employees are relieved that the auction has been prevented, she said.
“Jim has tirelessly worked on this,” she said. “I really didn’t have any doubt that he could do this. It’s been painful, but we’re there, we’re doing it.”
She also said the diner is hiring as the summer season ramps up.
The Maine Diner has been a prominent destination for years. Socrates “Louie” Toton first opened the diner in the 1960s; since then, the restaurant has been featured on Food Network’s “Diners, Drive-Ins and Dives” and NBC’s “Today” show, among others.
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