Todd English's lawyer says his client's getting ready to hand the Olives liquor license over to his former landlord to settle the rent dispute that shut the eatery in June.
Landlord William Carey, who says English owes him more than $780,000 in back rent and interest on the 10 City Square location, seized Olives - including its liquor license.
English's lawyer, Dennis Quilty, told the Boston Licensing Board this morning that a settlement of the suit - which would involve the handover of the license - is imminent. "I'm hopeful of it happening any day now," he said. Although he does not represent Carey, he said Carey will use the license to attract a new restaurateur to the location.
Quilty and a representative from English's holding company appeared before the board to answer a police citation for suddenly closing the restaurant without notifying the board. Quilty apologized for that, said it was not something English would have preferred, but asked for time to conclude the license transfer. Liquor license holders are supposed to either use their licenses or sell them. Because of a state-imposed limit on the number of licenses in Boston, all-alcohol license can now fetch up to $300,000 on the open market.
Quilty noted all the money English poured into renovations and repairs during the two years Olives was closed after the 2012 fire. "It's unfortunate," he said. "It was a beautiful job."
After Carey seized Olives, English issued a press release claiming he had outgrown Charlestown and that he would open a new Olives somewhere else in the Boston area.