Crescent Theater to become craft brewery

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The former Crescent Pitcher Show at 220 S. Main St. will become a microbrewery under a plan that will go before the Shawano Plan Commission on Wednesday.

The commission will vote on a development agreement with Stubborn Brothers Brewery, LLC, of Marion, that will provide a low-interest loan and a grant to the brewery, with the money coming from one of the city’s Tax Incremental Finance districts.

The agreement calls for the city to provide Stubborn Brothers with a $270,000 10-year loan at a 4 percent interest rate, and a grant of $80,000.

For its part, Stubborn Brothers is expecting to put about $600,000 in remodeling costs into the project.

It’s expected the building will have an assessed valuation of $500,000 once the remodeling and renovation is done. If it falls below that figure, Stubborn Brothers will have to make a payment to the city in lieu of taxes to make up the difference in property tax revenue.

It’s anticipated the remodeling and renovation will be completed by June.

According to the agreement, the remodeling “will result in a Craft Brewery, Entertainment and Event Venue,” but no specifics were offered about the entertainment or events.

“We are still finalizing all agreements with the city, so we are not going to make any official comments at this time,” Stubborn Brothers said in an email statement. “We are looking forward to doing interviews and providing more information as soon as we are able with 100 percent certainty.”

The plan commission meets at 4:30 p.m. Wednesday at City Hall, 127 S. Sawyer St.