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REQUEST FOR CITY COUNCIL AGENDA ITEMREQUEST FOR CITY COUNCIL AGENDA ITEM
<br />April 27, 2015April 27, 2015AppropriationAppropriation
<br />Agenda Date Requested:Agenda Date Requested:
<br />Source of Funds:Source of Funds:
<br />Scott D. Livingston Scott D. Livingston
<br />Requested By:
<br />Account Number:Account Number:
<br />Economic Development/Tourism Economic Development/Tourism
<br />Department:
<br />$300,000 $300,000
<br />Amount Budgeted:Amount Budgeted:
<br />Report:Resolution:Resolution:Ordinance:Ordinance:
<br />Amount Requested:Amount Requested:
<br />Other:
<br />Budgeted Item:Budgeted Item:YESYESNONO
<br />Attachments :Attachments :
<br />1. Project Introduction1. Project Introduction
<br />2. Project Presentation2. Project Presentation
<br />3. Proposed Floor Plan3. Proposed Floor Plan
<br />4. Project Score Card with Gantstein4. Project Score Card with Gantstein
<br />5. Public Hearing Posting5. Public Hearing Posting
<br />6. Proposective Projects Financial Cash Flow 6. Proposective Projects Financial Cash Flow
<br />AnalysisAnalysis
<br />SUMMARY & RECOMMENDATIONSSUMMARY & RECOMMENDATIONS
<br />The principals of Gantstein Esquire, LLC, which own a restaurant concept called the Pipeline Grill The principals of Gantstein Esquire, LLC, which own a restaurant concept called the
<br /> Pipeline Grill
<br />(www.pipelinegrill.comwww.pipelinegrill.com) in Baytown, Texas, initially contacted the Economic Development Department in early ) in Baytown, Texas, initially contacted the Economic
<br /> Development Department in early
<br />December 2014. The purpose of the initial contact and subsequent meeting was to discuss Gantstein Esquire, December 2014. The purpose of the initial contact and subsequent meeting
<br /> was to discuss Gantstein Esquire,
<br />LLCs interest in purchasing the former Texans Sports Bar & Grill, redeveloping the property, and turning it into a s interest in purchasing the former Texans Sports Bar & Grill, redeveloping
<br /> the property, and turning it into a
<br />Pipeline Grill Restaurant. The project principals liked the Texans Sports Bar & Grill because of its location in Pipeline Grill Restaurant. The project principals liked the Texans
<br /> Sports Bar & Grill because of its location in
<br />La Porte, which offers the restaurant concept an opportunity to expand its footprint into a market, which is La Porte, which offers the restaurant concept an opportunity to expand its
<br /> footprint into a market, which is
<br />reasonably similar to Baytown. Also, the property offers a very large kitchen to handle the Pipeline Grillreasonably similar to Baytown. Also, the property offers a very large kitchen
<br /> to handle the Pipeline Grills s
<br />catering business in all the communities surrounding the Houston Ship Channel. However, the principals explained catering business in all the communities surrounding the Houston Ship
<br /> Channel. However, the principals explained
<br />that an extraordinary amount of investment would be required to:that an extraordinary amount of investment would be required to:
<br />(1) re-develop the property after sitting vacant for several years, (2) replace the propertydevelop the property after sitting vacant for several years, (2) replace the propertys infrastructure,
<br /> which s infrastructure, which
<br />vandals had stripped and stolen from the property, (3) and vandals had stripped and stolen from the property, (3) and upgradeupgradethe property, both inside and outside, to make
<br /> the property, both inside and outside, to make
<br />it suitable to accommodate a new, familyit suitable to accommodate a new, family--oriented, themed restaurant. oriented, themed restaurant.
<br />Therefore, the project principals asked economic development staff whether or not incentives might be available to Therefore, the project principals asked economic development staff
<br /> whether or not incentives might be available to
<br />redevelop the former Texans Sports Bar & Grill into a new Pipeline Grill. Economic Development Staff redevelop the former Texans Sports Bar & Grill into a new Pipeline Grill. Economic
<br /> Development Staff
<br />understood that the citizens of La Porte wishes to attract new restaurant and retail development to the city, understood that the citizens of La Porte wishes to attract new restaurant
<br /> and retail development to the city,
<br />remove blight, and improve the quality of life for the citizens of La Porte, which includes attracting nice places to remove blight, and improve the quality of life for the citizens
<br /> of La Porte, which includes attracting nice places to
<br />shop, eat, and play. Therefore, Economic Development Staff brought this project to the attention of the Board of shop, eat, and play. Therefore, Economic Development Staff brought
<br /> this project to the attention of the Board of
<br />the La Porte Development Corporation for consideration on 26 January 2015. the La Porte Development Corporation for consideration on 26 January 2015.
<br />The principals of Gantstein Esquire, LLC are considering the option of buying and investing approximately $1.2 The principals of Gantstein Esquire, LLC are considering the option of
<br /> buying and investing approximately $1.2
<br />million to improve the former Texans Sports Bar and Grill at 10003 Spencer Hwy. Please note the enclosed million to improve the former Texans Sports Bar and Grill at 10003 Spencer Hwy.
<br /> Please note the enclosed
<br />project materials for additional information. project materials for additional information.
<br />The project principals are requesting an incentive in the amount of $300,000 to support the reThe project principals are requesting an incentive in the amount of $300,000 to support
<br /> the re--development of the development of the
<br />vacant building and develop a new Pipeline Grill at this location. The estimated payback period for $300,000 to this vacant building and develop a new Pipeline Grill at this location.
<br /> The estimated payback period for $300,000 to this
<br />proposed project is 3.54 years. Please note the enclosed Project Score Card. proposed project is 3.54 years. Please note the enclosed Project Score Card.
<br />On Thursday, 5 February 2015, staff published public notice in the Bay Area Observer of a hearing to be held On Thursday, 5 February 2015, staff published public notice in the Bay Area
<br /> Observer of a hearing to be held
<br />
<br />
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