The targeted site is the vacant, blighted Savin Rock Conference Center and the city is in the procress of learning more about development proposals. The proposed brewery would invest $20 million to $25 million; the hotel would involve an investment of $30 to $35 million, representatives of the unrelated plans told city officials. The purchasing committee announced on Nov. 1 that it had selected the brewery proposal to recommend to the City Council for approval. This week, council members heard presentations from New England Brewing Co. and a representative of the hotel project. A third proposal, for the flexible banquet space, was not representated before the council for the presentations. Gray said the brewery is prepared to invest $20 million to $25 million to relocate, including constructing a 52,000-square-foot brewery on the site. It would include a taproom, which would increase tax revenue for the city because of the building’s increased footprint.