By Ed Bierschenk of NWI Times
HAMMOND | Two companies may be opening at Oxbow Landing by the end of the year and the city is preparing to seek proposals for two other parcels the city owns at the development near the Kennedy Avenue interchange of Interstate 80/94.
Monday afternoon some of the partners in the Byway Brewing Co. joined with Mayor Thomas McDermott Jr., various council members and others for the groundbreaking of their planned brewery and restaurant. Dave Toth, one of the partners, estimated the 12,000-square-foot building could open in late November of early December.
Toth had earlier estimated that 15-17 people might be employed by the company initially. Based on the experience of other microbreweries, he speculated that could grow to a few dozen people within three or four years. The partners were expected to invest about $2.3 million for construction of the facility, which will include an outside patio area for the restaurant/taproom.
The city sold the company a 2.39-acre site for $336,000 with $331,000 of the cost coming by way of a forgivable note. If the company is still in operation in five years, the partners will not have to pay anything beyond an earnest payment of $5,000 for the land. The city in June also agreed to provide another $150,000 in tax increment financing money to shore up the soil at the site… CLICK HERE TO READ THE FULL STORY AT NWI TIMES
HAMMOND | Two companies may be opening at Oxbow Landing by the end of the year and the city is preparing to seek proposals for two other parcels the city owns at the development near the Kennedy Avenue interchange of Interstate 80/94.
Monday afternoon some of the partners in the Byway Brewing Co. joined with Mayor Thomas McDermott Jr., various council members and others for the groundbreaking of their planned brewery and restaurant. Dave Toth, one of the partners, estimated the 12,000-square-foot building could open in late November of early December.
Toth had earlier estimated that 15-17 people might be employed by the company initially. Based on the experience of other microbreweries, he speculated that could grow to a few dozen people within three or four years. The partners were expected to invest about $2.3 million for construction of the facility, which will include an outside patio area for the restaurant/taproom.
The city sold the company a 2.39-acre site for $336,000 with $331,000 of the cost coming by way of a forgivable note. If the company is still in operation in five years, the partners will not have to pay anything beyond an earnest payment of $5,000 for the land. The city in June also agreed to provide another $150,000 in tax increment financing money to shore up the soil at the site… CLICK HERE TO READ THE FULL STORY AT NWI TIMES
