CCIDA Board Approves Financial Assistance for Wicked Warren’s Project in Jamestown
April 24, 2024
CCIDA Press Releases,Contacts:
Latest Action helps Bring new Downtown Business One Step Closer to Finish Line
JAMESTOWN, NY: — At its April 23, 2024 meeting, the County of Chautauqua Industrial Development Agency (CCIDA) Board of Directors approved incentives for Wicked Jimmy’s LLC, to support the purchase and renovation of property at 115-121 West 3rd Street in Jamestown, the site of the former Jamestown Brewing Company. The incentives include exemptions from mortgage recording taxes, sales and use taxes, and property taxes. Earlier this year in January, the board also approved $950,000 low-interest loan for the project.
Once open, Wicked Jimmy’s will be the LLC operating the business as Wicked Warren’s. It will be operated by Robert Roth, who is also majority owner of the initial Wicked Warren’s, already in operation in Warren, Pa. Roth will serve as president of the Jamestown operation and has 27 years of experience running his own business. A total of 26 positions will be created once fully open. The project would also result in 15 temporary construction jobs.
“We’ve done considerable planning and are looking forward to getting this business up and running as soon as possible,” Roth said in January, when the CCIDA board approved the initial loan for the project. “Once open and operational, Wicked Jimmy’s will brew craft beer, serve food, and host corporate meetings and ball room events. It will also provide live music, feature a ‘Speak Easy Room,’ and in the future open a roof top bar. Our goal is to make 119 West 3rd St, Jamestown’s premier entertainment destination.”
“The property is at a prime location for this type of operation, in close proximity to the National Comedy Center, Northwest Arena, and other downtown Jamestown attractions. The former Jamestown Brewing Company, which was located in the facility, steadily grew its customer base until the onset of the COVID pandemic. We are confident that Wicked Warren’s will do the same, based on what they’re doing in Warren, and bring new life to Downtown Jamestown,” said Mark Geise, Deputy County Executive for Economic Development and Chief Executive Officer of the CCIDA.
“We’re excited to see new life come into this property after being vacant for nearly four years,” said Jamestown Mayor Kimberly Ecklund in January. “Having a craft brewery, restaurant, and banquet facility located in the core of downtown Jamestown will help to boost both visitor and local foot traffic, while also providing additional job opportunities for our local residents.”
The total estimated cost of the project would be $2.35 million. The financial assistance provided by the CCIDA will be up to $63,124 in sales tax exemptions, up to $23,250 in mortgage tax exemptions, and $156,670 in property tax exemptions over ten years, with $446,820 in total PILOT (payment in lieu of taxes) being paid to the affected tax jurisdictions during that same time period.
About CCIDA - The CCIDA is an economic development organization authorized and empowered by the State of New York to make Chautauqua County a better place to work, live, and visit. It facilitates development by attracting new businesses, while promoting the retention and expansion of existing businesses. Assistance in the form of incentives – tax abatements, low interest loans, and bond financing – enhances the opportunities for job creation and retention by our businesses. For more information visit ChooseCHQ.com.