City of Lewisville City Council Agenda 2026-05-18
City Incentive Package for Nevermore Tavern Project
Trusted by teams at
Description
Lewisville plans an economic development agreement with Nevermore Properties, LLC to support the Nevermore Tavern project at 170 W. Main Street, including tax-based grants, up to $50,000 in mural and façade funding, and a full waiver of certain City fees. In return, the company will renovate the property, operate the themed tavern, provide a mural, and lease 16 parking spaces for public use over a ten‑year term.
Contract Details
Contract Amount
(1) 75% of mixed beverage and sales taxes years 1-5; (2) 50% of mixed beverage and sales taxes years 6-10; (3) up to $10,000 mural grant; (4) up to $40,000 façade grant; plus 100% waiver of applicable City fees
Vendor
NEVERMORE PROPERTIES LLC
Agency
City of Lewisville, AR
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Contract Term
Ten years for tax-based grants (75% years 1-5, 50% years 6-10); one-time mural and façade grants; fee waiver at time of building permit
Renewal Info
Ten-year incentive term with stepped tax grant percentages (75% in years 1-5, 50% in years 6-10); one-time mural and façade grants and fee waiver do not renew.
More from NEVERMORE PROPERTIES LLC
Related Contracts
Lewisville City Council Minutes 2026-05-18
APPROVEDLewisville City Council Minutes 2026-05-18
APPROVEDMore from City of Lewisville
City of Lewisville City Council Agenda 2026-06-01
City of Lewisville City Council Agenda 2026-06-01
City of Lewisville City Council Agenda 2026-06-01
City of Lewisville City Council Agenda 2026-06-01
City of Lewisville City Council Agenda 2026-05-18
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.