A new restaurant will soon move into the space formerly occupied by on Coventry Road.
City Council approved a $60,000 loan to help Burgers-N-Beer establish a store at 1854 Coventry, and Mayor Ed Kelley said the business could open as early as July or August.
Burgers-N-Beer, which also has a restaurant in Willoughby, will bring 11 full-time jobs and 10 part-time jobs. At least 51 percent of the full-time equivalent positions must be dedicated for people with low to moderate incomes, according to council documents.
The menu includes sandwiches, salads, sweet potato fries, wings, ribs and of course, burgers. According to its website, the restaurant opened in 1999.
The money comes from the city's Commercial Revolving Loan Fund Program, which helped businesses like and get started in Cleveland Heights, said Vice Mayor Dennis Wilcox. The federal program replenishes itself as merchants who have borrowed money repay loans.
"Obviously whenever there is a vacancy in any of our business districts, we like it filled quickly," Wilcox said.
The program is an economic development tool and is allocated to more than just eateries, Wilcox said. Business owners can use the money for renovation costs, furniture and other equipment costs. The funds do not pay for personnel or food.
The loan carries a 3 percent interest rate and a seven-year repayment schedule after a one year deferral, among other terms and regulations.
The new establishment is family-friendly, Wilcox said.
for more from the May 7 City Council meeting, and look for more information about Burgers-N-Beer soon.