Our Viewpoint
on the Proposed Renaissance Downtown’s Phase 1 Development Plan.
This
shouldn’t come as a surprise to anyone that we, Victor & Terry Lugo, owners
of Barley Vine at 182 Main St., Bristol, and homeowners in Bristol, are
supporters of the proposed Phase 1 downtown development plan. We are confident it
provides the best opportunity for success in Bristol’s downtown.
We believe
in Bristol and the proposed Phase 1 plan because it’s similar to our experience
opening Barley Vine on Main Street. We
had to adjust our business plan to meet lenders’ expectations at the time. We
assumed more risk ourselves, because investors and lenders didn’t believe in
Bristol or a restaurant on Main Street.
Now,
investors and lenders call frequently.
Why? Because we proved the
concept works in Bristol. Like the plan
presented by Bristol’s partners, Renaissance Downtowns, we have to prove the
concept and show that we can create a vibrant and viable downtown Bristol.
Recently Renaissance Downtowns delivered on another
milestone, the financial plan for Phase 1.
It can be downloaded from this website: http://www.bristolct.gov/documentcenter/view/3437 .
The plan says, building (A) a 4 story building will
contain 100 residential units with 2,000sf of retail/service space on the
ground floor. We could really use an
opportunity to access 100+ people, along with their friends, living across the street.
As Bristol residents
for 10 years, a distressed 15-acre parcel in the heart of our city, generating
no revenue and adding no lifestyle benefit has been proven not to work. A vibrant mixed-use development is a model
that works in countless communities throughout Connecticut and the rest of the
planet.
The plan
is detailed and we encourage those of you who want to make informed decisions
to review the plan and come to the May 19, 2014 meeting at Nuchies in
Forestville at 6:15 pm to learn more.
We’ve risked
much because we believe in ourselves and Bristol. We urge those of you who
believe in Bristol and want to see Bristol have an opportunity for success to
consider and support this plan.
Thank you,
Victor and
Terry Lugo
Owners,
Barley Vine
1 comment:
flawed logic. Small businesses come and go. Apartment buidings and their problems last forever.
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