Rome City Town Council OKs Sylvan Cellars Event Center tax abatements

March 28th, 2016


News Coverage:

March 25, 2016

Rome City Town Council OKs Sylvan Cellars Event Center tax abatements

Dennis Nartker | News-Sun

ROME CITY —

The Rome City Town Council Thursday night passed two resolutions granting Sylvan Cellars Event Center tax abatements on real and personal property.

Meeting in special session, council members passed a resolution granting a 10-year abatement on real property with an assessed value of $172,108, and a resolution granting a 10-year abatement on personal property with an assessed value of $22,274.

Sylvan Cellars Event Center will realize a tax savings of $946 over the 10 years of the personal property abatement and $7,306 in tax savings over the 10 years of the real property abatement, according to the tax abatement application.

The abatements apply to the addition of a winery and a brewery on the 120-acre property at 2725 E. Northport Road. Co-owner Nathan Schermerhorn told the council he has plans to begin the new project this summer.

A beverage or retail business can’t receive a tax abatement, according to Town Attorney Bill Eberhard. A winery and brewery that manufacture products are eligible for an abatement.

Sylvan Cellars’ barn area for events may also be exempt from receiving an abatement, he said.

Schermerhorn said he eventually will add 10 jobs when the brewery and winery get going.

Sylvan Cellars Event Center opened in March 2014 on the former Sylvan Springs farmland. Schermerhorn and his wife, Rachel, renovated the 100-year-old barn for special events. In January, they opened a tasting room, with craft beers, wines and craft cocktails, in the ground floor.

The abatement applications now go to the Indiana Department of Local Government Finance for final approval.

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