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News & Press: Restaurant News

Salt Hill Buys Eagle Block In Newport

Thursday, July 6, 2017  
Posted by: Taylor Salvato
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Salt Hill Buys Eagle Block In Newport
By; Patrick O'Grady

The Economic Development Corporation of Newport announced on Wednesday it has sold the historic Eagle Block on Main Street to the owners of Salt hill Pub, which opened in the three-story brick building in 2007.

According to Paul Brown, Newport’s finance director and ECON board member, the sale price was $550,000. Brown said on Monday there had been informal talks about possibility of a sale off and on for a few years but negotiations became more serious in the last several months.

ECON operates as the town’s economic development organization and the proceeds from the sale will mean a “big infusion” of cash for the organization, Brown said.

“This will give us some funds to work with. We are not sure what the next project is but the money will be reinvested in ECON projects,” he said.

The buyer is Tuohy Holdings LLC, owned by Josh and Joe Tuohy, who have run Salt hill Pub in Newport for 10 years. Read more at VNews.com.


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