Today’s News – February 11, 2022
– from the Marshall News Messenger
Marshall microbrewery to kick off new MEDCO program targeting empty buildings
A new microbrewery is the first to be funding through a Marshall Economic Development Corporation program that seeks to get empty, blighted buildings occupied.
Marshall City Councilmembers unanimously approved funds for the Marshall Economic Development Corporation’s first project funded through the new Certificate of Occupancy Grant Program during Thursday’s regular city council meeting.
Director Rush Harris presented on the new program, and the planned project, during the meeting.
“We have another interesting project here, and this isn’t what you are used to seeing from me,” Harris said during the meeting.
The project is for the creation of a new microbrewery, restaurant and pub at 108 W. Houston by the Rueggenbach Brewing Company, which Harris said is owned by a Marshall native.
He explained that the owner has a plan to turn the blighted structure into a taxable business, and through this has been working with MEDCO and applying through the organization’s new Certificate of Occupancy Grant Program for funding assistance.
Due to the current state of the building, construction costs to get the building up to code and receive a certificate of occupancy are expected to be over $1.2 million.
Harris said that the structure has been determined to be blight by the Marshall EDC Board of Directors and an economic or social liability to the municipality.
This, Harris said, made the project the perfect candidate for MEDCO’s new CO grant program, which offers a reimbursement grant of up to $100,000 or 10 percent of construction costs and site improvements needed to receive an official CO from the City of Marshall.
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On Fri, Feb 11, 2022 at 3:11 PM iEXPOSED.us Blog wrote:
> iexposedus posted: ” Today’s News – February 11, 2022 – from the Marshall > News Messenger Marshall microbrewery to kick off new MEDCO program > targeting empty buildings A new microbrewery is the first to be funding > through a Marshall Economic Development Corporati” >
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