- Associated Press - Friday, January 8, 2016

WATERLOO, Iowa (AP) - Plans are moving forward for a former downtown Waterloo bakery to be converted into a brewery and restaurant.

Single Speed Brewing reached a development agreement with the city in September to renovate the former Hostess Wonder Bread bakery, which shut down in November 2012. The company received the building’s deed from the city Monday, clearing the way for some interior demolition.

The deed transfer also allows the State Historic Preservation Office and National Park Service to start reviewing construction plans, the Waterloo-Cedar Falls Courier (https://bit.ly/1Rp6oxI ) reported.

“People are stoked,” Single Speed Brewing founder Dave Morgan said. “It’s gone slightly quiet because nothing’s been happening while we waited to get the deed.”

Most of the work has to wait for historic reviews, which could take as long as 90 days. The $6 million renovation has to adhere to historic standards to get historic tax credits. The building was built in 1927, and plans call for it to be renovated to 1957 standards.

Morgan hopes the new brewery can be operating by this summer, and that the restaurant could open by January 2017. In the meantime, he said contractors will be removing some of the old baking equipment and a flour silo.

Some portions of the former bakery will be reused, Morgan said. Rollers from an oven conveyor system would be used as a bicycle rack, and a large flour silo would get reused to hold grain for the brewing process.

“We hope that there will be a lot of stories to tell, stories about the history of the building that you’ll see throughout the building,” Morgan said.

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Information from: Waterloo-Cedar Falls Courier, https://www.wcfcourier.com

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