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Evans Bank Suing G Patti Enterprises For Failure to Pay Loan tied to Jamestown Brewing Company Project
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Foreclosure Proceedings Filed Against Jamestown Brewing Company Owners
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Mar 13, 2021
There was genuine excitement four years ago when Jamestown received a $10 million state Downtown Revitalization Initiative grant.
Unfortunately, as some projects that received DRI money fizzled, so has that excitement.
Priority projects included $1 million to help redevelop the former Key Bank building at Second and Main streets. That project will not happen, though whoever purchases the building could still receive the DRI money.
And, let’s not forget the $830,000 that was spent to help turn the former W.T. Grant Department Store building on Third and Washington streets into the Jamestown Brewing Company, which opened for less than a year before closing its doors while being the subject of a nasty court battle between the developer and the chosen tenant.
dphillips@post-journal.com
The former Jamestown Brewing Company, located at the corner of Third and Washington streets received $830,000 in state Downtown Revitalization Initiative funding.
P-J photo by Dennis Phillips
The jury is still out on the success of Jamestown’s inclusion in a statewide initiative to assist communities with transforming housing, economic development, transportation and community projects in downtown urban centers.
The statewide program is known as the Downtown Revitalization Initiative, which was started in 2016 by Gov. Andrew Cuomo, who announced the $100 million investment into 10 downtown communities – one municipality from each of the Regional Economic Development Councils. Jamestown won the competition in the Western New York Regional Economic Development Council during the first year of the program.
jwhittaker@post-journal.com
The most-read business story in our pages over the last year was one of its earliest when news broke that Truck-Lite had tentatively decided to cease production at its longtime Falconer manufacturing facility by the end of 2020.
P-J file photo by Eric Tichy
Editor’s Note: The Post-Journal is looking back at the top stories of 2020 and the way they will shape the coming year. Today, 20 for 2020 looks at business stories that were among the most-read stories in the newspaper this year.
For years, Chautauqua County has tried to pivot its economy to make better use of tourists and their disposable income.
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