Surly Brewing seeks $500K loan from Hennepin County

9:17 AM, Apr 2, 2013   |    comments
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MINNEAPOLIS - Surly Brewing is reportedly seeking a $500,000 loan to support the $20 million, 60,000-square-foot destination brewery it is proposing near the University of Minnesota's TCF Bank Stadium in Minneapolis.

Finance and Commerce reports that the Brooklyn Center-based Surly has been engaged in "due diligence and feasibility analysis" for months when it comes to its favored site, a 7.46-acre demolished potato processing plant location at 3171 Fifth St. SE.

A $500,000 Transit Oriented Development loan from the county "will help that feasibility," Tom Hauschild, a partner at the Minneapolis-based TEGRA Group that is advising Surly and owner Omar Ansari on the project, told Finance and Commerce.

Surly previously received nearly $2 million of the $2.5 million in environmental cleanup grants it was seeking from the state, the county and the Metropolitan Council.

 

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