Developers Kris Meola and Ryan Sillery of City Point Capital plan to buy the shuttered Stadium Sports Bar & Grill at 232 Old Colony Ave. so they can tear it down and replace it with roughly 20 condominiums.
Meola and his attorney, Carolyn Conway, appeared before the Boston Licensing Board today to seek permission to include the old bar's liquor license in the property sale - so that they can then use it to entice somebody to open a first-floor restaurant in the new building. Failing that, they'd sell the license off, Conway said.
Conway told the board planning for the residential project is in its earliest stages - the developers met with BRA planners for the first time last week and have yet to hold community meetings at which to discuss the proposal. Conway said the BRA wants the first floor of the building reserved for retail, preferably a restaurant.
This could be City Point Capital's second bar-to-residential project in South Boston: It's currently seeking BRA permission to replace the Cornerstone on West Broadway with a residential building - also with space for a restaurant.
The licensing board votes tomorrow on whether to approve the transfer of the Stadium liquor license.
