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Possible Details Emerge About Financial Plight of Palmer’s Bar
Helluva scoop by Minnesota Monthly’s Jason DeRusha: Palmer’s Bar, the boozy Minneapolis institution that’s closing soon after 119 years on the West Bank, may have suffered serious financial injury due to the actions of its ex-owner.
Late Wednesday, current owners Pat and Sarah Dwyer shed some light, writing via Facebook: “When we bought Palmers, it was with a trusted partner that we had worked with for over 18 years. In 2022, we discovered that trust and partnership was broken, leaving Palmers in dire financial and operational straits.” (The Dwyers purchased the place in 2018 with now-former owner Tony Zaccardi.)
And today, DeRusha & Co. published findings pulled from court docs filed by Zaccardi’s now-ex wife. In the 2023 divorce filing, she writes that, without her knowledge of consent, Zaccardi “recently relinquished the parties’ marital interest” in Palmer’s to the Dwyers after he allegedly withdrew “more than $379,364 from [Palmer’s] business accounts and has not accounted to the petitioner concerning his use of said funds.”…