On Monday morning the CRA Board voted against a staff recommended $450K grant to help Proof Brewing Company renovate a recently purchased building located on South Monroe.
After Mayor Gillum and City Commissioner Nancy Miller offered support for the project, the motion failed 3-2 with city commissioners Ziffer, Maddox and Richardson voting against the grant.
The vote followed public comment which featured speakers for and against the grant.
The CRA staff is recommending that the CRA Board approve a $450,000 grant request from Proof Brewing Company for renovations to their new location on South Monroe Street. The Proof Brewing Company recently purchased the old Coca-Cola factory located at 1320 South Monroe street in an effort to expand their business.
Proof requested the grant when they realized the plan for renovation was $460,000 short of available bank financing. The funding request will be provided through the taxes generated after the improvements are added to the tax roll, which is projected to happen in 2020.
The old Coca-Cola factory’s 32,000 square foot building had been vacant for a number of years. The estimated total cost of the project is $6.4 million. This includes the property purchase, construction, furnishings, fixtures, and equipment.
The rationale for the use of CRA monies is that the grant will help renovate an abandoned building, improve the area, create jobs, and support a company that is involved in multiple community charities.
As part of the negotiation, Proof has agreed to partner with the City’s TEMPO (Tallahassee Engaging in Meaningful Productivity for Opportunity) by creating an apprenticeship program for program participants 21 or over in need of employment opportunities.
Also, the Citizen’s Advisory Committee advises that Proof meets Office of Economic Vitality’s Minority, Women, and Small Business Enterprise Division’s standards.
The CRA Board will vote on the recommendation at their next meeting, Monday, July 9th.