Schmidt Brewery Purchase
Please click onto the title of this post for a story on the sale of the Schmidt Brewery. One of our favorite Counciman is named in the article. :-)
posted by Bob at Tuesday, January 09, 2007
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Tuesday, January 09, 2007
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5 Comments:
Remember when Chris Coleman was involved with getting "Schmidt Brewery Purchased back in 1999,
City Money Help get Gopher State's ethanol in and running.
look what happened to the neighborhood---
Gopher State's ethanol.
because of the " smell" of ethanol.
That made the price of homes in that area drop.
Now - Now
Dave Thune, will YOUR POCKETS JINGLE with the SOUND of a Money Kick Back's?
Some how is the City of St.Paul putting tax Money in this one too.
Businessman and Twin Cities developer get Grants and STAR Money all the time.
the City Council awarded the
district council a $300,000 grant for its redevelopment.
But the city, let's the small guy fall.
Money - Money - It Brings to mind about how St.Paul got stuck paying for the EXCEL CENTER, when the Hockey TEAM OWNER Flopped with the Promises to PAY BACK the LOAN.
To Dave Thune
From Your Friend, and opponent in the next election.
Bill Dahn
I dragged this over here from Saint Paul issues and Forums. I like Jacobs idea of micro breweries at this site. And yes that other Hine "Andy" approved of my plans for the brewery, when I stated them months ago at SPIF.
Posted Jan 10, 2007 11:09 am by Jacob Dorer
Wow, this is great step towards saving and reusing the old
Schmidt/Minnesota Brewing buildings. Looks like the potential new owners
have some really good ideas! I wonder if he would be willing to work on
the old Hamms Brewery after finishing in the west 7th neighborhood?
Of additional note, I saw a Hine was quoted in the article and for once,
it wasn't Andrew (not that I don't like Andrew, it's just that, as King
of West 7th, he does get quite a bit of exposure), it was someone named
Becca. Who is this? Is this a relation of Andrew's? Here is her bit:
"Neighbors Becca Hine and Jim Glendening said they were encouraged to
hear from a developer who shared a desire for open space and working
with the community. Hine's hopes for the brewery range from artists'
living spaces to a cooperative woodshop."
If she were related to Andrew, I would have expected her to mention a
brew pub, or beer in some way, but maybe that didn't make the cut, or
maybe the Fort Road area is lousy with Hines.
In any case, I look forward to hearing more about this. I would love to
have a cozy brew pub/microbrewery in the old Ratskeller. It really could
be great, and it is wonderful that the new developer is so open to
community input and process.
The article:
http://www.twincities.com/mld/twincities/news/local/16422996.htm
Reprinted
St. Paul / Family shares plan for brewery
Father, son envision housing, entertainment at old Schmidt complex
BY LAURA YUEN
Pioneer Press
A father and son aiming to buy St. Paul's Schmidt brewery dream of turning the lifeless landmark into a housing complex with attractions such as a bowling alley and movie theater.
Maine developer Jeffrey Cohen and his son, Craig Cohen, of St. Paul, won cheers from neighborhood activists, preservationists and city officials Tuesday after announcing a purchase agreement to buy the castle-like West Seventh Street icon and the 15 acres it sits on.
The Cohens acknowledge they're only at the starting line for this endeavor. But they pledged to partner with the neighborhood, even suggesting a unique alliance in which they would possibly split their profits with the West Seventh/Fort Road Federation, a district council and nonprofit development corporation that serves the area.
The elder Cohen, who has developed and restored properties largely on the East Coast, said he always wanted to build a pedestrian-friendly "town within a town." With the brick brewery buildings as an anchor, he envisions mixing condos and apartments with entertainment attractions and everyday businesses, such as a dry cleaner, health club or pharmacy.
Jeffrey Cohen added that he always wanted to work on a major project with his son, an addiction counselor who has lived in St. Paul for nearly nine years.
"He's kind of a hero for me," he said of 30-year-old Craig Cohen, a resident of the Lexington-Hamline neighborhood. "He's impulsive, and we kind of like to do difficult things."
Jeffrey Cohen, 57, frequently tempered Tuesday's announcement in the former brewery's Rathskeller basement pub with caution. He suggested there are more steps before closing on the property, and the final vision is still to be determined. It would be his biggest development.
"I just don't want to raise your expectations so high that we can't deliver them," he said.
The Cohens will have six months to research the site for environmental and financial issues before closing. They said they weren't worried about recent struggles in the housing market or competing with other large mixed-use proposals, such as the Bridges of St. Paul.
They declined to discuss a sale price with reporters. Representatives for Gopher State Ethanol, which operated a production plant there until financial problems closed it in 2004, have publicly placed the value of the property between $6 million and $8 million.
The site belongs to a group of Gopher State's secured lenders, which includes Bloomington businessman Bruce Hendry.
The news conference drew supporters such as City Council Member Dave Thune, mayoral policy director Nancy Homans and members of the West Seventh neighborhood group.
St. Paul architectural historian Paul Clifford Larson said he was thrilled with the Cohens' plans for the brewery — as well as their understated style.
"I like the fact that they're not dangling anything in front of us. They're not over-promising," Larson said. The historian said he considered the German-influenced architecture a "Rhineland castle on the Mississippi."
He also commended the developers for taking on such a challenging project. The main brew house contains varying floor levels and 2-foot-thick stone walls. And the one-story buildings limit the density of the development, Larson said.
The Cohens said they were interested in preserving the historic structures, including the main castle tower, the bottling plant and the 1930s-era Rathskeller pub, which once offered free beer to visitors.
Neighbors Becca Hine and Jim Glendening said they were encouraged to hear from a developer who shared a desire for open space and working with the community. Hine's hopes for the brewery range from artists' living spaces to a cooperative woodshop.
The deal likely would not have happened without David Wickiser, a real estate agent and president of the West Seventh federation. He began chatting up Craig Cohen when the two recently teamed to refurbish a nearby West Seventh building in disrepair.
Wickiser recalls Cohen telling him that his father does "big developments." He asked the neighborhood activist whether there were any projects that might interest him.
Wickiser pointed to Schmidt.
"I knew dad would be intrigued," Cohen said.
Laura Yuen can be reached at lyuen@pioneerpress.com or 651-228-5498.
A non profit and a private business joining together on a business venture?Sounds like a conflict of interest.Let me guess the head of the west end federation will knock down all the hurdles the city may put up and then resign and take a cush job with the private company.Get ready St.Paul to subsidies this development and then the city will complain they have no money because of Pawlenty and then justify raping you on taxes.
All the city wants to do is help this guy out so he can triple his money a few years down the road, just like the lawson project. i don't know what you guys are so upset about, the guy just wants to make a buck and earn a living. What's wrong with a little help if you can get someone in city hall to grease the tracks for you?
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