Brooklyn Daily Eagle
Brooklyn's oldest bar -- P.J. Hanley's -- has filed for bankruptcy protection and is up for sale, Crain’s NY reports. The parent company of the cozy tavern, which has been in Carroll Gardens at 449 Court Street since 1874 and is reputed to have served Al Capone, filed for Chapter 11 on Friday.
In addition to landlord-tenant disputes, P.J. Hanley's also recently dealt with declining revenue, escalating food costs and an inept new manager, according to Crain’s. James McGown, listed as P.J. Hanley’s owner, has also filed for bankruptcy protection for two of his other businesses: East River Mortgage Corp., and the pizza chain South Brooklyn Pizza.