RIBCO Temporarily Closed As Owner Works To Reorganize Operations

RIBCO's doors are once again closed to the public, but not permanently.

According to a statement sent to WQAD, the business will still be open for Alternating Currents, online food deliveries and some special events as they work through some "reorganization."

Owner Zach Edwards told WHBF in an interview that he made the decision to close down around Bix weekend after the Friday had a total of only $330 made, with no customers between 1pm-5pm.

Edwards told the channel that RIBCO has some events planned for this fall, with more concert plans in the works.

Rumors circled the internet about paychecks for employees bouncing, but Edwards told WHBF that was a bank issue after changing banks.

“They’re all going to get made whole again,” he told WHBF. “I’m also covering their fees and giving them additional money for the frustration they’re going through.”

He said a lack of walk-in traffic has been a detriment to the business, saying he's been losing about $20,000 a month on RIBCO.

Keep an eye on RIBCO's Facebook page for updates.