(CSi) \u2013 The Jamestown Stutsman Development Corp. (JSDC) Board of Directors unanimously approved a Flex PACE interest buydown funding request of more than $68,500 to Grainline Investments LLC with the funds to be used toward the purchase of The Jamestown Sun building for a brewery.<\/p>\n\n\n\n
If approved by the Jamestown City Council and Stutsman County Commission, the city of Jamestown\u2019s share will be more than $54,800 with Stutsman County\u2019s share being more than $13,700.<\/p>\n\n\n\n
Nick Bruns, co-owner of Grainline Investments with Kent Sortland, said, \u201cBasically, we are purchasing the building to partner with the brewery crew that’s been working for about two years to figure out how we can bring something like this to Jamestown. There is definitely a need in Jamestown for a space like that but also for the community of Jamestown as a whole to have just kind of a meeting ground space, an opportunity to enjoy beverages — alcoholic and nonalcoholic — together and have community space.\u201d<\/p>\n\n\n\n
Bruns said the brewery will be housing about 7,250 square feet of the more than 14,000-square-foot building, and The Jamestown Sun will rent about 2,000 square feet for its operations. Another 2,000 square feet of usable office space also will be available.<\/p>\n\n\n\n
JSDC business development director, Corry Shevland added that other incentives from the state Ag Products Utilization Commission could be available for the brewery.<\/p>\n\n\n\n
<\/p>\n\n\n\n
In other action the JSDC Board of Directors unanimously approved a Flex PACE interest buydown funding request of more than $54,000 for BJM Properties LLC to be used toward purchasing and renovating a building located at 220 1st Ave. S in Jamestown.<\/p>\n\n\n\n
If approved by the City Council and county commission, the city\u2019s share will be more than $43,200 with the county\u2019s share being more than $10,800.<\/p>\n\n\n\n
Owner Tim Perkins said, the building will be used to house the staff of Premium Property Management LLC, He said staff has continued to grow and a larger office is needed to operate the Premium Property Management business more effectively.<\/p>\n\n\n\n
Premium Property Management manages apartment units, single-family houses and storage units.<\/p>\n\n\n\n
The JSDC Board of Directors unanimously approved moving the Flex PACE and PACE interest buydown funding requests from Applied Blockchain Inc. to a JSDC New Business Attraction Committee special meeting to be held.<\/p>\n","protected":false},"excerpt":{"rendered":"
(CSi) \u2013 The Jamestown Stutsman Development Corp. (JSDC) Board of Directors unanimously approved a Flex PACE interest buydown funding request of more than $68,500 to Grainline Investments LLC with the funds to be used toward the purchase of The Jamestown Sun building for a brewery. If approved by the Jamestown […]<\/p>\n","protected":false},"author":3,"featured_media":27116,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,14],"tags":[],"class_list":["post-253932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-jamestown"],"_links":{"self":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/253932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=253932"}],"version-history":[{"count":5,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/253932\/revisions"}],"predecessor-version":[{"id":253948,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/253932\/revisions\/253948"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/media\/27116"}],"wp:attachment":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=253932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=253932"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=253932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}