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City approves transfer of Olympia Theatre to SLAM with restoration and educational commitments
Summary
The City of Miami approved a settlement and quitclaim deed transferring the historic Olympia Theatre to SLAM Foundation, which pledged restoration funding and education- and community-use commitments. The decision follows months of public debate and a unanimous commission vote.
The City of Miami on Sept. 25 approved a settlement that transfers the Olympia Theatre to the SLAM Foundation, with SLAM committing private funds to restore the building and operate cultural and educational programming. The commission voted unanimously to authorize the purchase-and-sale agreement and related documents as amended.
The agreement obligates SLAM and its partners to fund significant restoration work and to operate the theater as a cultural and educational facility. SLAM representatives said the organization will invest in capital restoration and maintain public access; the agreement also includes performance- and programming-budget commitments and a reverter clause should SLAM fail to meet core obligations.
The transfer resolves long-running litigation between the Guzman family and the city and is…
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