The Village of Oswego appears to be enthusiastic about a proposed “Nash Vegas Saloon” to occupy the former Oswego Brewing Company space at 61 Main Street. The concept draws inspiration from the success of establishments like the honky-tonks found in Nashville, Tennessee, offering patrons a unique blend of food service, a full bar, live music, and line dancing.
The project, spearheaded by a local restauranteur, entails a substantial buildout of 61 Main Street valued at approximately $724,000. The scope of work encompasses interior demolition, bathroom remodeling, the installation of a brand-new kitchen, construction of a band stage and dance floor, creation of a new bar area and the purchase and installation of state-of-the-art equipment.
“The introduction of ‘Nash Vegas Saloon’ represents more than just a new business venture; it symbolizes our unwavering commitment to revitalizing Oswego’s downtown,” remarked Oswego Village President, Ryan Kauffman. “Initiatives like these not only enhance the local economy but also contribute to the vibrancy and cultural richness of our community.”
The developer, Yonas Lagos, is seeking $340,000 in low-interest loan funding and $40,000 in grant funding from the Village to help offset the escalating costs of lending and building materials in the current market, facilitating the timely realization of the project’s goals.
The Village Board will evaluate the applicant’s loan and grant requests at the upcoming March 18, 2024, Village Board of Trustees meeting. The request aligns with the criteria outlined for both the Revolving Loan Fund and the Economic Development Incentive Award programs. Notably, the requested funding falls within the prescribed limits and is earmarked for job creation and the substantial rehabilitation of a downtown building.
