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04-13-15 Meeting of the La Porte Development Corporation Board of Directors
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04-13-15 Meeting of the La Porte Development Corporation Board of Directors
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4/8/2015 9:50:56 AM
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La Porte TX
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Agenda PACKETS
Date
4/13/2015
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12.Gantstein Esquire, LLC is seeking the assistance from the La Porte Development Corporation in order to upgrade <br /> <br />the existing building to allow for the opening of the Pipeline Grill concept. Without the assistance from the <br />Development Corporation, Gantstein Esquire, LLC has two possible options. The first option would be to not <br />finalize the purchase of the property. The second option would be acquiring the existing building and seek a <br />commercial lease from a third party user. Gantstein Esquire would offer a small tenant improvement allowance <br />that will allow the third party tenant a small portion of funds to help with the interior renovations only. The <br />funds allowed will only cover a small portion of the interior work required to ready the facility for the new <br />tenant. The funds offered would not be enough to renovate the exterior of the building. The facility could end <br />up any number of possible commercial uses. However, we feel the best use of the building would be the Pipeline <br />Grill restaurant concept. This use will provide the most taxable revenue and highest property value for the <br />existing facility. Gantstein would request a grant from the Development Corporation in the amount of $300,000. <br />I would like to personally thank the Board of Directors for their consideration in this matter. If I may be of further <br />assistance, please contact me at your earliest convenience. <br />Regards, <br />Kris Gant <br />Gantstein Esquire, LLC <br />3 <br /> <br />
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