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Micro-brew and brewpub |
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Vivian Moon
MUSA Council Joined: May 16 2008 Location: Middletown, Ohi Status: Offline Points: 4187 |
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Posted: Apr 01 2015 at 1:05pm |
Posted: 6:20 p.m.
Tuesday, March 31, 2015
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spiderjohn
Prominent MUSA Citizen Joined: Jul 01 2007 Location: United States Status: Offline Points: 2749 |
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6.3 to do a micro brewery in THAT building/location?
If the guy can't get 10 mill for the Manchester(understandably), how can he raise 6 for this project, in a building that honestly has nothing "historic" about it other than it should have been "history"(leveled) years ago? And no real plans on the table for either project? hmmm.... "Coming Soon!" |
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acclaro
Prominent MUSA Citizen Joined: Jul 01 2009 Status: Offline Points: 1878 |
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Coming soon- good comment.
No individual who is doing a cap raise goes to investors if the business plan illuminates a decent return. When you dilute ownership, you marginalize financial returns, and there is limited value associated with such efforts, unless seeking tax shelters and mitigation of tax exposure. Coming soon- to a theater near you: 1) Sorg restoration; still doing a cap raise heading south, not north. 2) The Illinois Grau properties, Manchester et al; still doing a cap raise heading south, not north. How is the Manchester going to lease high market rate rentals against the east end project against the KY developer? On micro-brewery, build it, and they will come won't work; access demographics to acquire beer. Awaiting influx of the young professionals and students which to date, ARE NOT APPEARING in Middletown. 3) C State---complexities of pass-through on ownership and price defies logic, and projections nowhere close to expectations (students) 4) Coming soon- completion of asphalt for bike trail from Franklin down, but no funds in sight. Leaving soon? A few failing downtown restaurants. Observation- city relying on passing levies and receiving state funding to gain taxes on short term income tax on building. This includes school, river park and water fountain, rest area, NTE, and the AKS Innovation project to come. Short term tax income is not sustainable. Needed and coming soon, said 35 years- businesses, property buyers. Residential values continue to plummet. Coming soon- exodus of residents and population decline. Don't pass library levy in May. Best library around, besides King at Miami? Lane in Fairfield.
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'An appeaser is one who feeds a crocodile, hoping it will eat him last.' - Winston Churchill
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Dean
MUSA Resident Joined: Apr 15 2014 Status: Offline Points: 162 |
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What is happening downtown in my opinion, is the city worked with investors to set up LLC's for ownership to pass ownership, who in turn, are given years to raise capital on projects which won't be developed. Or awaiting some back-end funding mechanism from friends of city, from state government and grants. Got milk? Got tax credits, to those in need, as carrot for development. Years awaiting investment dollars. You might consider it the John Kerry plan, a bad deal and delay strategy. JMO.
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Factguy
MUSA Resident Joined: Dec 07 2009 Status: Offline Points: 217 |
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Not correct. All investments will be made and projects completed. Ask Denise H.
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VietVet
MUSA Council Joined: May 15 2008 Status: Offline Points: 7008 |
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Fine. When and how much taxpayer money will be used in lieu of private party money? Will there ever be an announcement from any downtown developer where the timeline published ever matches the actual timeline accomplished? Oh, and going by history and announcements that never came true Factguy, I wouldn't put too much credence in what Denise Hamet says. She has shown she has been relatively ineffective as to Econ. Dev. Dept. accomplishments. Now, give us your standard "defender of the city" answer. |
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I'm so proud of my hometown and what it has become. Recall 'em all. Let's start over.
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Trotwood
MUSA Resident Joined: Jul 22 2013 Status: Offline Points: 117 |
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I heard it was going to be a co-op brewery? Factguy or others, can you confirm?
I'm just wondering because 5th St. Brewpub in Dayton has experienced tremendous success with this model. It allows thousands of people to claim they "own" a microbrewery. Anyways, here's a link to their story on NPR:
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swohio75
MUSA Citizen Joined: Jun 13 2008 Status: Offline Points: 820 |
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there's a separate project to do a co-op brewery.
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