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Council reduces sale price of City Center building after water damage; amendment approved 13-0
3203674 · May 6, 2025
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Summary
Council approved an amendment to the purchase and development agreement that reduces the sale price of the City Center building after water-related damage increased the buyer's costs to meet tax-credit requirements; council voted 13-0.
Akron City Council approved an amendment to the purchase and development agreement for the City Center Building at 146 South High Street that lowers the previously approved sale price to account for water damage remediation needed for tax-credit compliance.
Councilman Fusco said an earlier council ordinance in…
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