From an official press release: Having previously announced expansion into the Houston market, Freetail Brewing Co. will announce the indefinite suspension of plans for a second location — citing concerns over access to capital.
“As I moved forward with the Freetail Houston project, I began to run into an increasing level of resistance in capital markets. A brewpub is a good project for downtown Houston, but the deal is simply not there for me at this time,” explained Freetail Founder & CEO, Scott Metzger. “When we announced the project on May 17, we also stated there were financial considerations to be addressed. Those considerations are ultimately what put this project on hold indefinitely, and no other reason. To move forward with the project at this time would beirresponsible and an injustice to my company and the City of Houston.”
“For now my focus will be to continue growing our successful original location, which has internal expansion needs of its own, and moving forward in the battle for fair reform of the Texas Alcoholic Beverage Code, as it relates to the activities of our state’s brewpubs and breweries,” added Metzger.
I must say that I was disappointed to hear that Freetail passed up a downtown San Antonio location for Houston. I love Freetail but it’s so far out it hardly even qualifies as being in San Antonio, as far as i’m concerned (I may be a bit of a snob as far as boundaries are concerned but it takes a planned day to make it out there). There are lots of places to be had in the flourishing downtown/Southtown (and in focus for a repopulation of work/live space by our Mayor, including a redevelopment of HemisFair Park and recent whisperings of an HEB) area and moving down would keep the competition healthy.
Still I’m sorry to hear that they won’t be able to brew their divine suds in Houston. They would have done well there by adding to the half a dozen or so breweries. But in the meantime maybe they’ll reconsider a location downtown as they battle the stubborn forces that be over antiquated laws.