Voters OK liquor license, tax break for new malt business
The new malt business coming to Wareham received a boost at Town Meeting on Monday, with the authorization of a year-round liquor license and a property tax break for five years.
After passing a unanimous vote, the Board of Selectmen were authorized to request a year-round wine and malt license at 11 Kendrick Road, which will not count against the town’s liquor license quota.
Selectmen Chair Peter Teitelbaum said these requests are typically not turned down by state legislature.
“The presumption is that there’s an economic need to go ahead and do so,” he said.
The property at 11 Kendrick Road is being considered for use by Stone Path Malt, which was already granted a seasonal wine and malt license in June by Selectmen. Stone Path Malt plans to invest $2.1 million in equipment and building improvements at the facility and another $1.8 million in equipment. In addition, they plan to bring 12 jobs to town.
Stone Path Malt plans to produce malt- germinated grains that are dried in a process called "malting"- for craft brewers in New England and serve beer made by customers from the business' malt. They hope to attract tourists, educate people on the malting process and provide products for home brewers.
The finance committee and Selectmen voted unanimously to approve the article, as did Wareham residents. The committees said the new malt company could bring more people to Wareham.
“We’re a beautiful community,” said Wareham Finance Committee Vice Chairman David Heard. “If we can get people here to see it, we’re doing the right thing.”
Voters also unanimously passed a request for a Tax Increment Financing Agreement, which will give Stone Path Malt a five-year tax abatement on real estate, which will decrease each year as the business becomes more established.
Town Administrator Derek Sullivan said this type of Tax Increment Financing Agreement was given for TownePlace Suites by Marriott, which has worked out well for the town.
“We didn’t expect it to do so well, but we’re getting approximately $200,000 a year in hotel/motel excise tax,” Sullivan said.
The agreement was also a success with Chatham Village Croutons, Sullivan noted.