Local: Looks like Elliott’s is getting its liquor license (UPDATED)

On the newly revised agenda for Tuesday’s Peoria City Council meeting is the following piece of unfinished business:

(08-190) Communication from the Interim City Manager and Corporation Counsel Requesting Approval of the RESOLUTION Authorizing SETTLEMENT of Case No. 06-1187 in the United States District Court for Central District of Illinois and Other Matters Pertaining to BRIMSTONE STEAK, INC., BIG BAD WOLF, INC., and ELLIOTT’S BBW, INC., Which Authorizes SETTLEMENT of All Matters Regarding BRIMSTONE STEAK, INC., BIG BAD WOLF, INC., and ELLIOTT’S BBW, INC., to Include the Granting of a CLASS A (Tavern) LIQUOR LICENSE with a SUBCLASS 1A (2:00 A.M. Closing), and SUBCLASS 2 (Live Entertainment) SITE APPROVAL for 7807 NORTH UNIVERSITY and PAYMENT of $50,000.00. (New Replacement Communication)

Details will follow …

UPDATE: The city’s PDF file is here. Some quick thoughts:

1. The amount of the settlement seems low to me.  I was under the impression the owners will seeking in excess of a million dollars. The $50,000 apparently includes attorney’s fees.
2. The agreement states that the south part of the building now housing the restaurant cannot be used for adult entertainment or for serving liquor, but it can still be used to serve food to customers in the north part of the building, where customers are watching the dancers. The owners cannot seek a liquor license of adult use license for 10 years.
3. The license is Class A with subclass 1a and subclass 2. Closing hours will be 1 a.m. Monday-Wednesday and 2 a.m. Thursday-Saturday.