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Council seeks more data on Marina Arts Village preservation vs. demolition; developer offers to split stabilization costs
Summary
Council members asked staff for more analysis about the cost, long-term maintenance, roofing/insulation options and cultural programming for the long former-Army warehouses known as the Marina Arts Village before choosing whether to accept a developer offer to split stabilization costs.
The council discussed the future of the Marina Arts Village — a long group of former Army warehouses — after a developer (Shea Homes) proposed splitting costs to stabilize the structure. The developer told the council it could provide $1.35 million toward stabilization; consultants and the developer provided preliminary estimates showing full rehabilitation could approach or exceed $2.7 million, while demolition of the middle building would cost an estimated $752,000.
Developer…
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