File #: 24-280    Version: 1 Name:
Type: Information/Discussion Item Status: Agenda Ready
File created: 4/4/2024 In control: City Council
On agenda: 4/23/2024 Final action:
Title: Public Hearing on Sale of Property Located at 115 5th Street W. Northfield, Minnesota.
Attachments: 1. 1 - News Building Sale Notice of Public Hearing, 2. 2 - Public Hearing Presentation, 3. 3 - Resolution Approving Sale, 4. 4 - Purchase Agreement, 5. 5 - 2024.04.19 Press Release Former Northfield News Building Sale Press Release, 6. 6 - 2024.04.05 Press Release Former Northfield News Sale
City Council Meeting Date: April 23, 2024

To: Mayor & City Council

From: Ben Martig, City Administrator
Jake Reilly, Community Development Director
Nate Carlson, Economic Development Coordinator

Subject:
TITLE
Public Hearing on Sale of Property Located at 115 5th Street W. Northfield, Minnesota.

BODY
Action Requested:
The Northfield City Council will hold a public hearing on the sale of property at 115 5th Street W. Northfield, MN.

Summary Report:
The City of Northfield acquired key downtown Northfield properties, including the former Northfield News building, for future redevelopment. The sale of the Northfield News site to Loon Liquors is emblematic of the City's commitment to working with the local business community to create winning scenarios for all involved. The City of Northfield is committed to both helping local businesses expand and attracting new business enterprises to Northfield, as we continue to cultivate an environment that keeps Northfield a community with great appeal for everyone.

As a homegrown entrepreneurial endeavor, Loon Liquors is committed to the Northfield area. From its current location on Armstrong Road, the craft distillery has become a regional economic multiplier through its commitments to partnering with local farmers and other local business enterprises, and supporting tourism in the region. Loon Liquors is a destination distillery that draws people to Northfield for a unique educational and entertaining experience. The purchase of this site will afford the business an expansion opportunity and contribute to the vitality of the downtown business district. The Loon Liquors team's proposal has significant potential to enhance the already popular tourist destination's ability to draw more visitors to Downtown Northfield by featuring distillery tours, high-quality alcoholic and non-alcoholic craft beverages, and an expanded food menu that captures farm-to-table dining with 90% of its food and ...

Click here for full text