Effort to Reopen Ladder House Takes Step Forward

The effort to reopen the former “Ladder House” pub & restaurant took a positive step forward Tuesday evening with the approval of a $200,000 low interest loan during the Sturgeon Bay City Council meeting. The money obtained through the city’s revolving loan fund was requested by local businessmen Ken Glasheen & Steve Sauter who intend to re-open the former firehouse & city hall, under the direction of Paul Salm, perhaps as early as the first quarter of next year. The loan comes with a 3% interest rate & a five year payback plan with a 15-year amortization period. As part of a series of requirements, Glasheen & Sauter agree to create 16 full-time equivalent jobs within three years of the loan closing. The “Ladder House” has been closed for the past couple of years.

Sports Schedule
Door County Medical Center
Posted in News |

Comments are closed.