Goshen News, Goshen, IN

Local News

February 12, 2014

Brewery's purchase option extended for old NIPSCO building

GOSHEN — It appears costs may be significantly higher than originally anticipated for the planned conversion of the former Northern Indiana Public Service Co. building on Washington Street into a new brewery and restaurant.

Central to the issue is a lease agreement approved by the Goshen Redevelopment Commission back in September 2013 with Goshen Brewing Company founder Jesse Sensenig. Through that agreement, Sensenig said his plan is to develop the old NIPSCO building at 315 W. Washington St. into a new brewery and restaurant.

In addition to making monthly lease payments on the building, Sensenig has also committed to investing a minimum $200,000 into repairing and rehabilitating the old NIPSCO building. That work, he said, will include repairing the outer brick and/or painting the building; installing new heating, ventilation, air conditioning systems and electrical wiring; replacing/repairing the plumbing; building a kitchen; and installing a new subfloor on the main level.

Due to the significant amount of work Sensenig plans on doing to the old building, the agreement also included an option allowing Sensenig up to five years to purchase the building at a cost of $95,000, but only after the minimum $200,000 has been invested and the required work completed.

However, during a meeting of the commission Tuesday, Sensenig informed the commission that the cost to rehabilitate the old NIPSCO building could be at least double what he had originally anticipated, leading him to request an amendment to the original agreement which would extend his option to purchase by an additional two years.

“The situation is that Jesse is out now getting estimates for the improvements, and it looks like the cost of the project is going to be substantially more than what he had originally estimated,” said Mark Brinson, community development director for the city. “So he has requested additional time in which to exercise the option to purchase.”

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