Brewery stays in New Glarus

New Glarus Brewing will be staying in New Glarus, Wisconsin.

Before you say “of course” read the report from the Capital Times. The brewery had threatened to pull up stakes and build on an alternative site.

The dispute was settled last night when the village board agreed to provide an economic development incentive of $2 million toward infrastructure costs of the new facility through tax incremental financing.

In exchange, the village will receive property tax revenue from the plant, which is guaranteed to have an assessed value of at least $8 million, as well as benefit from retaining the popular attraction and contributor to the village’s economy.