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February 28, 2020

Commission vote on 20-year lease with brewery


The City Commission will decide tonight whether
to strike a 20-year deal with two local restaurateurs
who want to build a microbrewery and seafood
restaurant that would fill the largest spot on the Key
West Bight that last housed the Waterfront Market.
If the Commission approves the lease, then the
city will agree to front the investors for “basic building repairs” of the nearly 19,000 square-feet available at the two-story property built in 1970.
Also, Waterfront Brewery, which is Joe Walsh and
Chris Shultz, would get reimbursed for all costs
needed to bring the property up to code, including
floor leveling and the electrical system.
Key West Bight had a building improvement
fund of almost $8 million at the end of the last fiscal year.
The company’s reimbursement, at the prime rate
plus 1 percent, is not to exceed $2 million, the lease
states.
Key West will ultimately receive a restored waterfront property and fill the largest anchor spot at the

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