Manteca is about to score their first business to compliment the family entertainment zone anchors of Big League Dreams and Great Wolf.
Loma Brewing Company and the City of Manteca have hammered out a 55-year land lease agreement to allow the Los Gatos brewery to establish a flagship operation in Manteca.
It will feature a 10,500-square-foot brewing facility, a 2,300-square-foot tap room, and a covered patio to serve as a seating lounge with televisions.
It will be located along Daniels Street on the northwest corner of Milo Candini Drive. The area between the covered patio and the BLD monument sign on the corner will be developed as an outdoor/open air bocce ball and game area.
The brewing company will use existing parking in the 550-space BLD lot
Loma Brewing owner is Kevin Youkilis. He’s a retired Major League Baseball first and third baseman who was part of the 2004 and 2007 World Champion Boston Red Sox teams. He was an All-Star in 2008, 2009, and 2011. Youkilis received the Golden Glove Award in 2007.
After playing for the Red Sox for eight seasons he wore a Chicago White Sox uniform in 2012 and was part of the 2013 New York Yankees.
The brewery is viewed by the city as a destination type concern that will attract visitors to Manteca and complimenting nearby businesses. The brewery will also serve casual comfort food.
City leaders believe the addition of the brewpub will expand the consumer demographic to attract young adults and millennials from surrounding cities into the FEZ.
The proposed lease agreement for 36,500 square feet of land is $64,000 before a $22,000 annual city “rebate” is factored into the equation. Over the course of 55 years the city’s rebates will come to $1.2 million. The lease rate was based on a market appraisal of the location’s value
Loma’s business proforma — based in part on its successful Los Gatos operation — projects $3,099,200 in yearly sales in the initial years of operation. That translates into $255,684 in sales tax of which $30,992 will go to the municipal general fund to help pay for day-to-day municipal operations such as police and fire services.
The city would also collect $15,450 in public safety tax to help pay for frontline police officers and firefighters.
By the fifth year annual sales would reach $5,547,874 with an estimated $457,700 in annual sales tax. Of that, $55,478 would go to the city’s general fund and $27,739 to fund public safety positions on annual basis.
Lomas Brewery anticipates hiring 46 people in the initial year. Staffing would increase to 68 by the fifth year.
The lease rate of $62,000 will be adjusted 10 percent every 10 years.
Loma is responsible for all entitlements such as growth fees and sewer/water connections as well as the construction of the facilities. All construction will be at the prevailing wage.
The city retains ownership of the land as well as improvement at the termination of the lease.
Loma retains the first right of refusal if the city sells the land.