Bryan City Council Addresses Two Downtown ItemsFeatured Stories, News Tuesday, November 19th, 2013
The Bryan City Council Monday night addressed a pair of items affecting the downtown area.
The council postponed action on economic development agreements proposed to reopen the former Bryan Ice House at North Main and Martin Luther King.
The purchase price of the building and property is $445,000 dollars.
The city is giving adjacent land for parking. At least $1 million dollars will be spent to convert 60 percent of the Ice House into a restaurant, bar, and entertainment space and the rest into retail.
The exterior will be renovated to its original architectural style. And it’s supposed to open within 14 months of the real estate deal being closed.
The developer will receive property tax breaks. How much and over what period of time was not disclosed.
Last June, the council agreed to give the Downtown Bryan Association $165,000 dollars for the budget year that began last month.
Monday night, the council approved the first quarter payment of $41,250. That keeps the DBA at its expanded staffing level through February 15th.
The association added two fulltime employees, four paid interns, and doubled the salary of its executive director.
More than half of the agency’s funding comes from the city. The DBA is taking over management of the Texas Reds Festival and managing the Palace Theater.
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