Forum staff reports, Published January 27 2014
Moorhead OKs tax exemption for Subway sandwich shop downtownMOORHEAD – With the City Council’s blessing, a sandwich shop downtown will be given a property tax exemption to help it expand.
Lee Fowler of Fowler Enterprises, which runs Subway at Main Avenue and Seventh Street, plans to move the restaurant to Main and Ninth Street.
Fowler plans to add a drive-thru, parking lot, green space and outdoor seating, and the expansion means the business can apply for a property tax exemption from the city, said Matt Maslowski, the city’s economic development director.
The City Council unanimously approved a tax exemption for Fowler on Monday night. The total benefit of the three-year exemption is estimated at $22,800, according to council documents. The council held a public meeting on the exemption and no residents spoke.
Maslowski said the site used to be a contaminated gas station, but has since been cleaned up. The new 1,500-square-foot restaurant should add about $400,000 of value to the land, which is now valued at $150,000, Maslowski said.
Construction will run May to October, according to council documents.