Tim Ryan, tryan@wolfrivermedia.com
But wait, there’s more!
The city will consider a new developer’s agreement with a craft brewery company looking to turn the the former Crescent Pitcher Show into a microbrewery, pub and entertainment venue now that the company has expanded its original plans.
The Shawano Common Council in September approved an agreement with Stubborn Brothers Brewery LLC, of Marion, to provide a low-interest loan and a grant to the brewery, with the money coming from one of the city’s Tax Incremental Finance districts.
Stubborn Brothers has since expressed interest in purchasing the property just to the south of the old theater at 220 S. Main St., according to city officials.
The vacant property at 224-226 S. Main St. was once a shoe store, but Stubborn Bothers is now looking at building out from the former Crescent building to add a kitchen, and create a storefront for the south side of the building.
The brewery also wants to create a beer garden behind the former shoe store property, according to Assistant City Administrator Eddie Sheppard.
The proposal was discussed by the Shawano Redevelopment Authority last month and is expected to be on the Common Council’s agenda in April.
The original developer’s agreement, when it involved only the former Crescent Theater, called for the city to provide Stubborn Brothers with a $270,000 10-year loan at a 4 percent interest rate, and a grant of $80,000.
For its part, Stubborn Brothers was expected to put about $547,000 in remodeling costs into the project.
It was expected the building would have an assessed valuation of $500,000, including personal property, once the remodeling and renovation is done. If it falls below that figure, Stubborn Brothers would have to make a payment to the city in lieu of taxes to make up the difference in property tax revenue.
It was originally anticipated the remodeling and renovation of the former theater building be completed by June.