MICHIGAN CITY — John Fegaras, owner of Lindos Restaurant, will be the city’s first recipient of the Michigan City Revolving Loan Fund. The Michigan City Board of Public Works approved the loan based on the approval of the Michigan City Revolving Loan Committee recommendation. Mr. Fegaras has been in the restaurant industry for approximately 50 years within the Michigan City area. The Fegaras family owns three family style restaurants including Lindos Restaurant, Galveston Steakhouse and the former Rodini Restaurant.
The loan of $90,000 will be used for interior renovations, updating the restaurants décor, the addition of a bar with flat screen TVs, and creating a covered outdoor patio with a fire pit. The restaurant, the former Lindos to be renamed La Paloma, will have new hours that will fit its new style and clientele. The renovations and reopening will result in retaining 20 jobs and creating 10 new jobs.
“I wish I would have known earlier about the Michigan City Revolving Loan Fund. I think it’s a great tool for small businesses. What the City and the Economic Development Corporation Michigan City is doing is great for the community” said John Fegaras.
