City Council approves downtown grant payment to Luigi’s
Monday evening, the Chickasha City Council voted unanimously to approve the reimbursement of $124,750 to Luigi’s Italian Restaurant through the Central Business District (Downtown) Building Grant program.
Luigi’s application for the program was accepted by the EDC and City Council in January. They were reimbursed the maximum $25 per square foot for renovations and capital improvements made to the property since applying. A total of over $400,000 in eligible improvements was made to the restaurant, which opened in March.
The Downtown Building Grant reimburses up to 1/3 of eligible improvements, or $25 per square foot, to buildings within the downtown district that generate sales tax. Applications are made through the EDC and final determination is made by the city council.