A plan to bring full-service restaurants to downtown Lowell by creating additional alcohol sale permits solely for the historic area will not become law this year.
Hoosier lawmakers are unanimously supporting a Lowell initiative to invest the proceeds of its recent water system sale more aggressively than usually is permitted with government funds.
The Senate Public Policy Committee voted 9-0 to authorize the Indiana Alcohol and Tobacco Commission to issue up to 10 additional permits for restaurants to sell beer, wine and liquor
"You can get about a percent higher rate of return. Over a period of time that could mean an extra million dollars of interest for the town," said state Rep.
The House Ways and Means Committee unanimously agreed Thursday to authorize the town of Lowell to seek higher investment returns on the proceeds from the recent sale of Lowell s water