In an effort to assist the landmark SteelCraft project in the city’s downtown area, the Garden Grove City Council will consider deferring the monthly rent of the outdoor food hall for 18 months.
If approved, the city – which owns the land on which Steelcraft is located – would forgo a total of $146,160, to be paid back over a five-year period at $2,436 a month, at no interest.
SteelCraft, located at 12900 Euclid St., north of Garden Grove Boulevard, has been regarded as a key part of the expansion and upgrading of the city’s downtown. It opened to good attendance and better-than-expected profits in the fall, but has fallen on hard times because of the “stay-at-home” measures implemented to curb the spread of the coronavirus.
At present, only The Penalty Box hamburger eatery is open, serving food through carry-out business. The proposed amendment to the property lease would be retroactive to April 1, 2020 and continue through Sept. 30, 2021. The repayment period would begin on Oct. 1, 2021.
Also on the agenda is an update on the city’s coronavirus emergency command, including a review of the “playbook” for reopening city operations and Garden Grove businesses.
The meeting will be held via teleconferencing. A closed session will be held at 6 p.m., with the regular meeting at 6:30 p.m.
Categories: Garden Grove