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(KNSI) – The owners of Cowboy Jacks in downtown St. Cloud plan to demolish the damaged building and ask for Tax Increment Financing to redevelop the site.

The bar and grill sustained heavy smoke, fire and water damage after the adjacent Press Bar & Parlor caught fire on February 17th, 2020. The owner of the Press Bar has been charged with arson in federal court. Cowboy Jacks has been vacant ever since.

According to Tuesday’s Economic Development Authority Meeting agenda, Midnight Real Estate LLC, which operated Cowboy Jacks, wishes to demolish the property. The company wants to keep the chance to utilize TIF financing for a future redevelopment on the site.

It’s being recommended by city staff that the EDA approve the request before the demolition takes place.

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