Orlando City Council officials awarded $100,000 in deferred grants to a new dog-friendly pub planned for downtown Orlando.
The council unanimously approved the request by Pup’s Pub Orlando during its regular meeting on Monday, February 21. The new bar is looking to renovate the former Sir Speedy location, which is situated at 317 N Orange Avenue.
According to city officials, the business estimates that they will spend just under $600,000 to renovate the location. As a result, it qualified for $100,000 in deferred grants from the city.
Pup’s Pub applied for assistance through the city’s Downtown Commercial and Residential Building Improvement Program, which offers a three-year, interest-free deferred loan for façade and/or building stabilization improvements to existing properties within the Downtown Community Redevelopment Area (“Downtown CRA”).
The program provides reimbursement up to 50% of the project cost, but not to exceed $100,000, for certain exterior physical improvements and building stabilization improvements, including HVAC services, ad painting, among other modifications.
According to city records, the owner’s capital investment is just over $200,000, with the entire project estimated to cost approximately $594,745.50.