Last Friday, June 29, the Colorado Department of Revenue approved a complicated plan that would allow Breckenridge Brewery to grow beyond a 60,000-barrel limit in this state by using a provision known as an "alternating proprietorship."
And Breckenridge has been rapidly approaching that limit, particularly since the company merged its financial operations with those of the Wynkoop Brewing Co. under one umbrella company in early 2011. Together they now own nine restaurants -- most of them beer-themed and four operating brewpubs, which could brew up to 80,000 barrels of beer this year.
The combined company had tried to get the 60,000 limit raised in the legislature this year; when that failed, it looked at opening a second brewery out of state. But instead, it went with the third option: figuring out a way to restructure the operation.
Read the story in this week's Westword:
And here's the Department of Revenue decision released last Friday.
Keep Westword Free... Since we started Westword, it has been defined as the free, independent voice of Denver, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Denver with no paywalls.