ADICA Signs off on Microbrewery Proposal
Wednesday, December 16th, 2015
The Albany-Dougherty Inner City Authority agreed to a memorandum of understanding at a special called meeting Monday evening that paves the way for the Albany City Commission to give final approval tonight to the Pretoria Fields LLC microbrewery planned at 122-124 Pine Ave.
The ADICA board, after meeting briefly in executive session, voted unanimously to approve the memorandum of understanding that allows for the 124 Pine Ave. property owned by the authority to be leased to Pretoria Fields, the company formed by Albany vascular surgeon Dr. Tripp Morgan, for a period of 15 years. At the end of that time, Preotria will have paid off $1.25 million in city-backed Revolving Loan Funds that is part of the agreement, and the property will be conveyed to the company.


