The project is estimated to cost $3.94 million and would employ six people for full-time positions and 14 for part-time jobs.
“It’s really going to be a very different restaurant,” said Hamilton Economic Development Director Jody Gunderson. “It’s a sit-down restaurant, certainly with a different feel to it, certainly a different price point.”
Allman told the Journal-News on Friday that Jackelope Spirits will be the tenant operator for the commercial space, and the company has plans for two high-end concepts that feature food and drinks.
Once construction is completed ― which is expected to begin in July and finish in less than a year ― Tandem Ventures must meet the minimum job requirements within three years. In exchange, it would receive a 50% abatement for a dozen years for the restaurant space. The city is also offering a 100% abatement for 12 years for the residential component of the project.
The tax abatement for this project is similar to other projects that include a residential component within the CRA boundaries, including the apartment buildings of Rossville Flats and the Marcum Apartments, Gunderson said.
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