MUNSTER | With the help of a property tax abatement, Three Floyds Brewing could nearly double in size.
The acquisition of property immediately north of Three Floyds, 9750 Parkway, would enable the business to expand from a current 30,000 square feet to 56,000 square feet in a $7.5 million project.
The addition calls for a new bottling and packaging line, warehouse and basement storage areas, a tasting room/carryout counter, an exercise room for employees and maintenance room.
In addition, Three Floyds would add a distillery to produce a variety of spirits, such as high-end whiskeys.
Chris Boggess, head brewer at Three Floyds, said a tax abatement from Munster is contingent on the expansion plans, which would improve the brewery’s ability to expand its product line and serve its customer base.
Three Floyds is seeking from the town a five-year abatement on a graduated scale for the expanded facilities and equipment. There appears to be a good chance the brewery will get it.
“Munster is world famous for Three Floyds,” said Council President John Reed, R-1st. “It’s the kind of business you want to help any way you can.”
Town Manager John DeGiulio said, “The bottling operating will bring in a considerable amount of personal property tax. Giving the abatement helps them because it’s not really money out of our pockets.”
Councilman Joseph Simonetto, R-3rd, asked for the exact amount of the abatement prior to a March 10 public hearing on the matter.
If the tax abatement is approved, Boggess expects to break ground on the expansion this summer. He said the project would include some landscaping enhancements and public art.