Home > News > Op-ed: Finally, It’s Set in Stone

Op-ed: Finally, It’s Set in Stone

Beer lovers, rejoice! Richmond’s East End just became the hottest spot on the East Coast for Craft Beer enthusiasts. With Richmond City Council unanimously voting Monday night to approve the transfer of the Old Intermediate Terminal Building to the Richmond Economic Development Authority (REDA). This paves the way for the REDA to lease the building to Stone Brewing.

Full disclosure: I supported this bill 100%. As I’m sure you have heard, it was met with some resistance from several local restaurateurs, most notably, the owners of Bottoms Up Pizza, Buzz & Ned’s, and F.W. Sullivan’s.  The issue being, these restaurants see this as the city paying for a juggernaut competitor to come in and steal their business, using their own tax dollars. This argument is silly at best.

Tackling the first issue, Financing:
Let’s get something straight, the city is not paying for anything that will not be paid back ten fold by Stone. Essentially, the city is acting as a bank helping to finance the project. T …

Source: Virginia Beer Blog

Read the full article here.

Leave a Reply

Your email address will not be published. Required fields are marked *