05/18/2016
PORT WASHINGTON, May 18, 2016 -- The City of Port Washington Common Council last night voted unanimously to accept The Blues Factory Inc.'s $250,000 purchase offer for the waterfront municipal parking lot where the local business group plans to open a $4.75 million cultural and entertainment multiplex for the 2017 centennial celebration of the remarkable story of The Wisconsin Chair Co. and its famed Paramount record label.
The 17,224 square-foot parcel in the City's downtown marina district is the former site of the chair factory and its pioneering phonograph subsidiary that recorded legendary blues and jazz artists as well as early country western and other American roots music. The land sale remains contingent on City approval of a developer's agreement including $1 million in TIF financing expected to be on the Council's June 7 agenda.
"We're thrilled to be working together with the community to create a permanent home for this great American story on the very spot where the Paramount label was born," said Christopher Long, The Blues Factory's President & CEO. “We are confident The Blues Factory will deliver exactly what the City of Port Washington had called for in this redevelopment opportunity: a multi-faceted, unique year-round attraction that will function as an economic catalyst in bringing people to the downtown, generating tax base increment, and helping downtown businesses be even more successful on a year-round basis.”