The financial fiasco on Main Street in Biddeford took a positive turn this week when the owner of Jimmy the Greek’s in Old Orchard Beach announced he is moving into the partially remodeled, never-opened Steer N Stein.
Last month The Biddeford-Saco Area Economic Development Corp. took legal action against Harold Royals for defaulting on $125,000 in business loans it issued the owner in October 2015 for his proposed burger and beer joint.
Jim Albert, of the popular OOB pizza and beer palace, is taking over the space. “I am still working on the details, but plan to have a lively concept with emphasis on higher-end burgers, such as grass-fed, wagyu and bison, local craft beer and entertainment,” he told Urban Eye. “I am a supporter of the community and will continue to work towards the development of the area.”
According to the Courier newspaper, Steer N Stein owners squandered funds slated for the buildout. They pumped it into other restaurant and their own bellies. Most of the money fueled a dining spree across Cumberland and York counties. Sad. Especially since this team had a similar incident in Gardiner last year.
Biddeford boosters are putting the past behind them and want to see a Big Fat Greek transformation. “This is great news for Biddeford’s blossoming dining and entertainment scene,” said Heart of Biddeford director Delilah Poupore. “There are so many nights of the week now where establishments are open later and bringing more people to the area. Jimmy the Greek’s will be a great addition to that.”
No date has been set for the opening. But it sounds like this Greek tragedy is over. Opa!