Fredericksburg.com - Capital Ale House coming downtown

search local
Follow us on Twitter Find us on Facebook

Get a printer-friendly version of this page. E-mail this story to a friend.
Make a post about this story on FredTalk.

Capital Ale House coming downtown
Capital Ale House in Fredericksburg will open to the public for the first time Monday at 11 a.m., company president Matt Simmons said today.
Date published: 10/31/2008

Capital Ale House in Fredericksburg will open to the public for the first time Monday at 11 a.m., company president Matt Simmons said today.

The location at 917 Caroline St. will be the first venture outside the Richmond area for the restaurant and taphouse. It has three Richmond-area locations.

Simmons said about 100 kegs and 400 cases of beer were being delivered to Capital Ale to be chilled by Monday’s opening.

Capital Ale got a $100,000 incentives package over 10 years from the city of Fredericksburg. The agreement called for Capital Ale to open by tomorrow, but the city agreed to extend that two days.

The incentives package is a mix of an Economic Development Authority grant toward the renovations and a waiver of some business license and sales taxes over 10 years.

To get the incentives, Capital Ale was required to invest at least $1.5 million in the building it is renting from Joe Wilson, which was formerly the home of Chords bar and restaurant. It has to hire at least 35 full-time and 35 part-time employees, and generate no less than $100,000 in new local sales and meals taxes.

Over the course of the 10-year agreement, city officials estimate they’ll bring in $1.7 million in new revenue over the same period they’d be giving away $100,000 in incentives.

--Bill Freehling



Read more stories about Fredericksburg
Date published: 10/31/2008



Most recent reader comments:

1 comment has been posted. (Sorted in reverse order, with most recent post at the top.)

Display comments on this page. | Sort:

PLEASE READ: These reader comments are not moderated. Each user is solely responsible for any message (s)he posts here. The Free Lance-Star does not endorse the views expressed within these comments. All users who post to this Web site must agree to the terms of the FredTalk User Agreement. We rely on our readers to police themselves, and report any content that violates our User Agreement. In accordance with our User Agreement, we reserve the right to remove any post at any time for any reason, and will restrict access of registered users who repeatedly violate our terms. Any reader can report inappropriate content by clicking the "Report this post to admins" link at the bottom of each comment. You need not be registered to report a post.

Taking bets.... (posted by dmine45 , Oct. 31, 2008 8:31 pm)    0 likes
...to see when this establishment goes under. I say in less than a year.

What do you think?
Enter your FredTalk username and password to post a comment on this story. If you are registered on FredTalk or another part of this site, use that login here. Otherwise, you can just REGISTER here... .

Posting guidelines

1. Be respectful. No personal attacks.
2. Please avoid offensive, vulgar, abusive, hateful or defamatory language.
3. Agree to read & follow THE RULES.
4. Use the "report to admins" link for posts which violate the rules. 5. Keep it on-topic. Posts which contribute nothing of value to the conversation will be deleted.

Username:
Password:

Post title:


Please keep it brief (Limit is 512 characters). Please note, attempts to circumvent this limit by making
multiple posts back-to-back (ex: 'continued', 'part1, 2', etc) will be deleted.

Please make sure CAPS LOCK is off. Posts in ALL CAPS will be deleted.)


By checking this box, you agree to the terms of the FredTalk User agreement.








The Free Lance-Star fredericksburg.com 93.3 WFLS Print Innovators 96.9 The Rock 99.3 The Vibe wntx radio