The new brewpub called Star City Brewing that is coming to the former Peerless Mill Restaurant space at 319 S. Second St. in Miamisburg will get a $20,000 forgivable loan to help defray renovation costs after the Miamisburg City Council approved the expenditure Tuesday night, Aug. 6.
The funding from the Downtown Miamisburg Retail Business Incentive Program will start out as a two-year loan, but the loan would be forgiven if the brewpub meets criteria of staying open and hiring at least one full-time employee for at least two years, according to the ordinance council members approved.
The incentive program “is designed to encourage retail development” in and near the city’s downtown, said Chris Fine, Miamisburg’s economic development director.
Brian Yavorsky, co-owner of Star City Brewing, said renovation of the microbrewery is on schedule, and the new business could open as early as mid-September depending on state and federal licensing. But Star City’s owners encountered costly repairs to the building’s heating and air conditioning units and its fire alarm and suppression systems, in part because vandals had stripped the building of its copper, Yavorsky said.
City officials were pleased when the brewpub project was announced earlier this year, saying the 14,000-square-foot building had become a target for vandals and was in danger of becoming an eyesore.
The microbrewery is the brainchild of co-owners Yavorsky and Miamisburg natives Brian and Justin Kohnen. The trio purchased the former Peerless Mill from Paul Music, a Springboro real estate broker who bought the historic former restaurant in late 2011 and announced plans to restore the facility and reopen it as the Peerless Mill restaurant.
Those plans stalled, and Music told the Dayton Daily News in August 2012 that the condition of the building was worse than first thought.
The Peerless Mill served meals to generations of Miami Valley residents, operating for nearly eight decades before closing in 2008. The Peerless Mill began in 1828 as a sawmill on the Miami & Erie Canal and became a restaurant in 1929.
Miamisburg development officials said in May that Star City will breathe new life into a property that is an important part of the city’s history, and will become a cornerstone in Miamisburg’s development efforts downtown.