The renovated historic Tashmoo Spring Building will be open for business this summer, and Tisbury selectmen approved the Vineyard Playhouse on Tuesday as its first tenant.

The building, originally a steam-powered pump station built in 1887 but left vacant and crumbling for the past several decades, will open as an event space with a capacity of 150 people. The spring building committee has yet to finalize regulations or a fee schedule for the building, but at the selectmen’s meeting Tuesday, representatives from that committee said it will be similar to the use of other public event spaces like the Katharine Cornell Theatre or the Grange Hall, which host a variety of events, from concerts and plays to lectures and fairs.

“Wedding planners would die to have this place,” said selectman Jeff Kristal.

The Vineyard Playhouse got a fast-track approval from selectmen to use the space as the organization plans to carry on its Theater Arts Summer Camp there while its facility in Vineyard Haven undergoes extensive renovations. The camp will run from July 9 to Aug. 24 from 9 a.m. to 1 p.m.

It was also Jonathan Snyder’s first meeting as a selectman after winning the seat in last Tuesday’s town election. His first act was to vote, along with Mr. Kristal, to make selectman Tristan Israel board chairman.

Also, finance committee chairman Larry Gomez announced that his committee had begun exploring the possibility of a meals and rooms tax hike for the town, similar to the one adopted in Oak Bluffs two years ago.

“It could gather us about $75,000 in additional revenue,” he said. The issue would have to go before voters at a town meeting.

Finally, selectmen approved a beer and wine license for chef Jean Dupon, who is extending his 34-year-old restaurant, Le Grenier, to the space he owns downstairs, which will be known as La Cave du Grenier.

Mr. Kristal drew special attention to the quick timetable Mr. Dupon had followed in opening up the new restaurant space.

“So since last November, you’ve already remodeled, redone, applied for a beer and wine license and you’re going to open up when?”

“Hopefully the beginning of June,” said Mr. Dupon.

“Okay. Thank you,” said Mr. Kristal.

“Bon chance!” said Mr. Israel.