Statement on Riggers Loft

Statement on Riggers Loft Wine Company

The City of Richmond’s Surplus Property Authority (SPA) has taken legal action to recover unpaid rent and address lease violations involving Riggers Loft Wine Company, a tenant at the Port of Richmond.

Since 2015, RLWC has leased space at the historic Riggers Loft building under an agreement that required monthly rent payments and compliance with certain public access and permitting conditions. Despite multiple accommodations—including payment plans and rent forbearance during the COVID-19 pandemic—RLWC has not met its financial obligations. As of late 2024, the business owes nearly $400,000 in past-due rent.

The City has made multiple efforts to find a resolution, but due to continued non-payment and other lease violations, the SPA has filed two unlawful detainer cases seeking to reclaim the property. These actions are necessary to ensure the fair management of public assets and maintain the financial sustainability of the Port, which relies on lease payments to fund operations, maintenance, and improvements.

The City remains committed to fostering a strong business community while ensuring that all tenants operate under fair and equitable terms.

Update: Per the Judgement provided by the Court on March 6th.

Conclusion

Due to the monetary and non-monetary defaults by Riggers Loft, the Surplus Property Authority of the City of Richmond is entitled to judgment in its favor and awarded possession of the premises. Further, the court declares that Riggers Loft has no interest under the lease.