Daily Gazette

History for sale at VanDyck auction
Monday, November 17, 2008

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Photographer: Marc Schultz

Bruce Carney looks over the apparatus in the lager brewhouse behind the main Van Dyck building on Union Street in Schenectady.
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— Six decades of history flavored with jazz, beer and fine food left the building forever at this morning’s auction of the contents of the former Van Dyck on Union Street.

The Metroplex Development Authority authorized the auction to recoup some of a $200,000 loan and $75,000 line of credit it gave to former owner N. Peter Olsen in 2004. Olsen defaulted on the Metroplex loan and a $250,000 loan from Berkshire Bank in 2007.

The amount raised at the auction was not immediately available, but it was expected to total thousands of dollars. Among the items sold were dozens of autographed portraits of jazz greats who performed at the Van Dyck in its heyday.

The McDonald family purchased the building and a nearby parking lot at a foreclosure auction on Oct. 8 for $252,000, plus $147,000 in back taxes. The sale satisfied most of the Berkshire Bank loan but left the Metroplex loan largely unpaid, though Metroplex retained rights to the building’s contents and to the Van Dyck name.

The McDonalds plan to reopen the facility as a restaurant and entertainment venue early next year.



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