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Council approves EDC incentive for 7 Brew at 3131 N. 16th Street
Summary
Council approved an EDC incentive for BCS Orange 7B, LLC (7 Brew) of up to $350,000 for eligible infrastructure improvements at a site on North 16th Street; staff said the project is a permitted use under current CS zoning.
The City Council approved a motion on June 24 to support an Orange Economic Development Corporation incentive for BCS Orange 7B, LLC (doing business as 7 Brew) for eligible infrastructure improvements not to exceed $350,000.
Economic development staff said the project will occupy approximately 1 acre at 3131 North 16th Street (formerly the Ayers Allstate building) and represents an estimated $7,200,000 capital investment; the site is permitted by right in CS zoning. Staff said the incentives will go toward demolition, site work and concrete.
The motion passed unanimously. The transcript records staff describing the business, location and eligible uses for the incentive; it does not include a detailed agreement, disbursement schedule or specific performance milestones in the meeting record.
