The iconic Grain Belt beer sign, which has loomed dark along the Mississippi River in Minneapolis for almost 20 years, might soon be lit again.
New Ulm-based August Schell Brewing Co., which now brews Grain Belt, announced plans Wednesday to buy the historic Nicollet Island sign and the land it sits upon.
The family-owned company plans to donate the 1940s icon to the Preservation Alliance of Minnesota, which will raise money to light and maintain the sign.
"People love the sign," Schell's president Ted Marti said Wednesday afternoon. "At least we ensure the sign is saved. … That's sort of the bottom line."
People assumed Schell's already owned the sign, Marti said, but it was never part of the package when the beer brand changed ownership, including when Schell's bought it in 2002.
The sign originally graced the top of the Marigold Ballroom on Nicollet Avenue S. in Minneapolis and was moved to its river location in 1950.
The Minneapolis Brewing Co., the original maker of Grain Belt, leased the bottlecap sign from the Eastman family, descendants of early entrepreneurs in the city. The sign is now owned by the Eastman Family Trust, according to a spokesman for Schell's.
Schell's officials would not reveal the sale price. The deal is expected to close later this year if "due diligence leads[s] to the conclusion that the sign can be relit," according to a company statement.