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Fairview approves $62,130 Crescent Studios urban renewal grant; agency votes to suspend program for guideline rewrite
Summary
The Urban Renewal Agency and City Council approved a $62,130 grant to Crescent Studios for tenant improvements at 1610 Market Street and separately voted to suspend the urban renewal development grant program pending a work session to rewrite program guidelines and landlord/tenant contribution expectations.
Fairview’s Urban Renewal Agency approved Aug. 6 a development grant to Crescent Studios and later the Council moved to pause the city’s urban renewal development grant program to rewrite guidelines that staff and board members said lacked clear expectations for landlord contributions.
What happened: the agency adopted the resolution approving a grant to Crescent Studios for tenant improvements to a 1,530-square-foot vacant space at 1610 Market, with a final approved grant amount of $62,130. The agency later passed a motion to suspend the development grant program and schedule a work session to bring back proposed guideline changes.
Why it matters: staff described the grant as supporting a local business seeking to expand into a vacant downtown storefront, fund studio-specific plumbing, electrical and HVAC work, and create space for an adjoining makeup artist and eyelash…
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