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City Council OKs incentives for Olde Silk Mill
At Tuesday’s meeting, the Fredericksburg City Council approved an incentive package for Ed Whelan’s Inn at the Olde Silk Mill that could be worth up to $78,500 in tax refunds over seven years.
Since he bought it five years ago, Whelan has been improving the property at 1707 Princess Anne St.
He’s turned the 1880s silk mill factory on the Caroline Street side into a venue for weddings, banquets, meetings, conferences, tour group dinners, receptions and concerts.
The next phase of the project, which is expected to cost about $350,000, will include adding a catering kitchen that could someday be expanded into a restaurant.
Here is Cameron’s memo on the incentives package.