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City approves five-year land lease for Phillips Avenue Diner; tenants to pay $2,264.17 monthly
3444043 · May 6, 2025
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Summary
The council approved a five-year land lease between the City of Sioux Falls and WR Hospitality LLC for the Phillips Avenue Diner; the agreement sets a $2,264.17 monthly rate with a 2% annual escalator beginning 2027.
The City Council voted unanimously to authorize a five-year lease between the City of Sioux Falls and WR Hospitality LLC allowing the Phillips Avenue Diner to remain in its downtown location.
Dustin Powers of Planning and Development Services described the agreement as a land lease for roughly 6,500 square feet. "The monthly…
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