City approves agreement for gyros restaurant

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The Shawano Common Council on Wednesday approved a development agreement paving the way for a gyro and cheesesteak restaurant in the city.

Big City Gyros plans to remodel and expand the former Domino’s at 230 E. Green Bay St. Domino’s moved last year to 704 E. Green Bay St.

According to the developer’s agreement, Big City plans to put $208,000 into the project, including land acquisition, construction and restaurant equipment, with expectations that the property’s current assessed value of $65,000 to $125,000.

The city would provide a $10,000 grant toward the project, along with a low-interest loan of $25,000, with money for both coming from the city’s Tax Incremental Finance District 6.

Big City expects to complete the project by July 1.