Watch City Brewing Co., the longstanding downtown brewery that closed in June, will not be reopening, as an inventory auction is scheduled for Wednesday.

Watch City Brewing Co., the longstanding downtown brewery that closed in June, will not be reopening, as an inventory auction is scheduled for Wednesday.

Quincy-based E.F. Smith & Son Restaurant Equipment has posted a notice on its website announcing a public auction for Watch City Brewing equipment. The iconic brewery, at 254 Moody St., shut its doors last month, saying it needed to repair the HVAC unit, but several former employees said it was just an excuse and the AC unit has been broken for nearly a decade.

Owner Jocelyn Hughes said earlier this month that she was refinancing and wanted to reopen, but owes the Department of Revenue more than $120,000 in meal taxes. Several former employees said they still haven’t been paid for time worked.

Although Moody Street is taking a hit with the loss of the brewery, Downtown Waltham Partnership economic development facilitator Charnan Bray remains optimistic about the direction the area is taking.

“Watch City Brewery has been an integral part of the downtown for over 20 years. They survived through difficult economic times and had many good years in Waltham,” Bray said Friday. “It’s a huge loss to the downtown but with the positive improvement, like the Merc (at Moody and Main streets), 210 Moody and the new streetscapes, I’m positive that location will be occupied soon.”

The auction, taking place at the establishment, is for restaurant and bar inventory like booths, tables and chairs, but also includes brewing equipment such as four 400-gallon open fermentation tanks and eight 400-gallon serving tanks.

Auctioning begins at 11 a.m., according to the website.