Developers May Reopen Brass Monkey
by January 17, 2005 12:00 am 492 views
Richard Alexander, one of the proposed developers of Fayetteville’s Mountain Inn hotel, said he hopes to reopen The Brass Monkey in the basement of the century-old building when renovation is completed.
Developers are counting on a tax increment financing district to help pay for the $25 million hotel project. Alexander said he plans to have the renovation completed in late 2006.
The Brass Monkey was a bar that thrived in the 1970s and 1980s.
Alexander and John Nock have been under contract for a year to buy the Mountain Inn, which has been vacant since 1998. They plan to tear down the majority of the seven-story, 60,000-SF structure to make room for a new 12-story hotel.