Brewery’s plan to redo Troy church advances
Project is the latest to transform existing space into a brewery.
A finance panel is recommending the City Council float a $250K loan to Moeller Brew Barn to open in a former Lutheran church.
A new brewery planned TROY — for a former church on West Main Street across from the Miami County Jail took another step last week when a Troy loan committee recommended city council approve a $250,000 loan for equipment.
The Moeller Brew Barn, which has an operation in Maria Stein, earlier announced it would offer on-site handcrafted beer and a locally sourced food menu in what was the long-time home of the Lutheran Church. The business, whose owners said Thursday will open in April or May, is expected to create 25 full- and part-time jobs.
The project is the latest in the region to transform an existing or sometimes-historic space into a brewery.
“It is going to be a unique space, unique beers, unique to Troy. We are super excited,” said Nick Moeller, a project partner.
The proposed loan would be for seven years at 4.5 percent interest. The first nine months of payment would be interest only.
The loan would involve $125,000 from the city Community Development Block Grant Revolving Loan Fund and $125,000 from a new CDBG grant being requested from the state, said Tim Davis of the city development office. The state has given preapproval to the grant and will be asked for final approval, if the city council approves the application.
The total project cost was listed at $802,140. The total loan amount of $253,807 would include the loan closing fee.
“They have been very successful up north and look to continue that momentum as they move down south here,” Davis said.
The application was by Tabernacle Brewing Co. LLC, doing business as Moeller Brew Barn. Anthony Scott, the other partner, and Moeller attended the committee meeting. Moeller Brew Barn operates a brewery and tasting room in Maria Stein and is undertaking a $1.5 million expansion to add a restaurant there.
The Troy building is owned by Keystone Homes, where Scott is president, and will be leased by the business for 10 years.